Wall Street Zen upgraded shares of Old QVC Group (NASDAQ:QVCG – Free Report) to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.
Old QVC Group Price Performance
NASDAQ QVCG opened at $15.88 on Friday. Old QVC Group has a twelve month low of $14.60 and a twelve month high of $20.00.
Insider Buying and Selling
In other news, major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the business’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 transaction, the insider owned 6,301,038 shares of the company’s stock, valued at approximately $102,391,867.50. The trade was a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Goldentree Asset Management Lp bought 1,600,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $16.25 per share, with a total value of $26,000,000.00. Following the transaction, the insider owned 10,991,951 shares of the company’s stock, valued at $178,619,203.75. The trade was a 17.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 2,408,172 shares of company stock valued at $39,197,788.
Old QVC Group Company Profile
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.
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