Old QVC Group, Inc. (NASDAQ:QVCG – Get Free Report) major shareholder Oaktree Capital Management Lp sold 5,224 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $15.50, for a total value of $80,972.00. Following the completion of the sale, the insider owned 7,205,667 shares of the company’s stock, valued at $111,687,838.50. The trade was a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Old QVC Group Stock Down 4.8%
Shares of Old QVC Group stock opened at $9.28 on Friday. Old QVC Group, Inc. has a 12 month low of $9.09 and a 12 month high of $20.00. The stock has a fifty day simple moving average of $14.87.
Analyst Ratings Changes
Separately, Wall Street Zen raised Old QVC Group to a “hold” rating in a research note on Saturday, September 19th.
Read Our Latest Stock Report on QVCG
About Old QVC Group
Old QVC Group is a consumer-focused holding company associated with QVC and HSN, two prominent television and digital commerce businesses. Through these brands, the company markets and sells merchandise directly to consumers, combining televised shopping programming with websites, mobile applications and other digital channels.
Its product offerings generally span apparel, beauty products, jewelry, electronics, home goods, kitchen products and lifestyle merchandise. QVC and HSN use demonstrations, product presentations, customer reviews and personality-driven programming to showcase products and support purchasing through multiple platforms.
QVC traces its origins to 1986, while HSN began television shopping operations in the late 1970s.
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