Key Points
- Oaktree Capital Management sold 5,224 Old QVC Group shares at an average price of $15.50, generating $80,972. After the sale, Oaktree retained 7.21 million shares valued at approximately $111.7 million, a 0.07% reduction.
- Old QVC Group shares opened at $9.75, down 6.5%, and were trading near the lower end of their 52-week range of $9.31 to $20.00.
- Wall Street Zen raised its rating on Old QVC Group to “hold” in a subsequent research note.
Old QVC Group, Inc. (NASDAQ:QVCG - Get Free Report) major shareholder Oaktree Capital Management Lp sold 5,224 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $15.50, for a total transaction of $80,972.00. Following the completion of the transaction, the insider directly owned 7,205,667 shares of the company's stock, valued at $111,687,838.50. This represents a 0.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Old QVC Group Trading Down 6.5%
NASDAQ:QVCG opened at $9.75 on Friday. Old QVC Group, Inc. has a 1-year low of $9.31 and a 1-year high of $20.00. The company's fifty day simple moving average is $15.01.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Old QVC Group to a "hold" rating in a research note on Saturday, September 19th.
Check Out Our Latest Report on QVCG
Old QVC Group Company Profile
(
Get Free Report)
Old QVC Group is a multimedia retail company focused on selling consumer products through television shopping networks, e-commerce platforms and other digital channels. Its principal brands include QVC and HSN, which offer merchandise such as apparel, beauty products, home goods, electronics, jewelry and lifestyle products.
The company uses televised programming, websites, mobile applications, streaming video and social media to present products, provide demonstrations and engage customers.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
