Insider Buying: Old QVC Group (NASDAQ:QVCG) Major Shareholder Purchases $11,844,000.00 in Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp acquired 720,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were purchased at an average price of $16.45 per share, with a total value of $11,844,000.00. Following the completion of the acquisition, the insider owned 9,391,951 shares of the company’s stock, valued at $154,497,593.95. This represents a 8.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Goldentree Asset Management Lp also recently made the following trade(s):

• On Tuesday, September 8th, Goldentree Asset Management Lp bought 1,600,000 shares of Old QVC Group stock. The stock was purchased at an average cost of $16.25 per share, for a total transaction of $26,000,000.00.
• On Friday, August 28th, Goldentree Asset Management Lp purchased 915 shares of Old QVC Group stock. The shares were purchased at an average cost of $15.98 per share, with a total value of $14,621.70.
• On Thursday, August 27th, Goldentree Asset Management Lp purchased 22,694 shares of Old QVC Group stock. The shares were purchased at an average price of $15.79 per share, with a total value of $358,338.26.
• On Wednesday, August 26th, Goldentree Asset Management Lp purchased 412 shares of Old QVC Group stock. The stock was purchased at an average cost of $15.29 per share, with a total value of $6,299.48.
• On Tuesday, August 25th, Goldentree Asset Management Lp acquired 2,039 shares of Old QVC Group stock. The stock was purchased at an average price of $15.23 per share, for a total transaction of $31,053.97.
• On Monday, August 24th, Goldentree Asset Management Lp acquired 2,690 shares of Old QVC Group stock. The shares were acquired at an average cost of $15.23 per share, for a total transaction of $40,968.70.
• On Friday, August 21st, Goldentree Asset Management Lp bought 200 shares of Old QVC Group stock. The stock was acquired at an average price of $15.24 per share, with a total value of $3,048.00.
• On Thursday, August 20th, Goldentree Asset Management Lp bought 300 shares of Old QVC Group stock. The stock was acquired at an average price of $15.25 per share, with a total value of $4,575.00.
• On Wednesday, August 19th, Goldentree Asset Management Lp bought 13,980 shares of Old QVC Group stock. The stock was acquired at an average cost of $15.21 per share, with a total value of $212,635.80.
• On Tuesday, August 18th, Goldentree Asset Management Lp purchased 400 shares of Old QVC Group stock. The shares were acquired at an average price of $15.25 per share, for a total transaction of $6,100.00.

Old QVC Group Trading Down 0.6%

Shares of QVCG opened at $16.76 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.