Silver Point Capital L.P. Sells 1,600,000 Shares of Old QVC Group (NASDAQ:QVCG) Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $16.25, for a total value of $26,000,000.00. Following the sale, the insider directly owned 6,301,038 shares in the company, valued at approximately $102,391,867.50. This trade represents a 20.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

• On Thursday, September 3rd, Silver Point Capital L.P. sold 720,000 shares of Old QVC Group stock. The stock was sold at an average price of $16.45, for a total value of $11,844,000.00.

Old QVC Group Stock Performance

Old QVC Group stock opened at $16.85 on Friday. Old QVC Group, Inc. has a 12 month low of $14.60 and a 12 month high of $20.00.

About Old QVC Group

Old QVC Group (NASDAQ:QVCG) is a video and livestream commerce company whose operations center on QVC and HSN. The company combines television shopping, online retail, mobile applications and social commerce to offer products directly to consumers. Its merchandise generally includes apparel, beauty products, home goods, electronics, jewelry and other consumer products.

QVC Group traces its history to QVC, which was founded in 1986, and HSN, an earlier home-shopping network established in 1977.