Old QVC Group (NASDAQ:QVCG) Major Shareholder Oaktree Capital Management Lp Sells 5,224 Shares of Company Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Oaktree Capital Management Lp sold 5,224 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $15.50, for a total transaction of $80,972.00. Following the transaction, the insider owned 7,205,667 shares of the company’s stock, valued at approximately $111,687,838.50. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Old QVC Group Stock Performance

Shares of QVCG opened at $9.75 on Friday. The stock has a 50 day simple moving average of $15.01. Old QVC Group, Inc. has a 12-month low of $9.31 and a 12-month high of $20.00.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Old QVC Group to a “hold” rating in a report on Saturday, September 19th.

About Old QVC Group

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.