Insider Selling: Old QVC Group (NASDAQ:QVCG) Major Shareholder Sells 1,600,000 Shares of Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Silver Point Capital L.P. sold 1,600,000 shares of Old QVC Group stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $16.25, for a total value of $26,000,000.00. Following the sale, the insider owned 6,301,038 shares in the company, valued at $102,391,867.50. This trade represents a 20.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock 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 transaction of $11,844,000.00.

Old QVC Group Stock Performance

QVCG traded down $0.10 during trading on Thursday, hitting $16.76. 196,053 shares of the company traded hands, compared to its average volume of 251,802. Old QVC Group, Inc. has a one year low of $14.60 and a one year 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.