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Andrea L. Wong, a director at QVC Group, Inc. (NASDAQ:QVCGA), has sold a significant portion of her holdings in the company. According to a recent SEC filing, Wong disposed of 118,835 shares of Series A Common Stock on March 3, 2025. The shares were sold at a weighted average price of $0.2878 per share, amounting to a total transaction value of approximately $34,200. Following this sale, Wong retains 4,326 shares in direct ownership. The transactions were conducted over multiple trades, with prices ranging from $0.2847 to $0.2899 per share.The sale comes as QVCGA trades near its 52-week low of $0.26, with the stock down 77% over the past year. Despite the recent decline, InvestingPro analysis suggests the stock is undervalued at current levels. While the company reported losses in the last twelve months, analysts project a return to profitability in 2025 with earnings of $0.36 per share. For deeper insights into QVCGA’s valuation and future prospects, including 12 additional ProTips and comprehensive financial metrics, visit InvestingPro.
In other recent news, QVC Group Inc. reported a 6% decline in revenue for the fourth quarter of 2024, reflecting ongoing challenges in the media sector and shifts in consumer behavior. Despite the revenue drop, the company achieved a 4% increase in full-year operating income before depreciation and amortization (OIBDA) and reduced its debt by $442 million. These financial maneuvers are part of QVC’s strategy to adapt to a changing market. The company’s ongoing focus includes a transition toward social and streaming platforms, aiming for a $100 million OIBDA improvement by the end of 2025. In terms of analyst activity, there was no mention of upgrades or downgrades, but the company continues to face broader industry challenges such as cord-cutting. QVC is also implementing a new social shopping strategy, which it hopes will contribute significantly to its revenue in the coming years. The company is consolidating its operations to enhance efficiency and focus on future growth opportunities.
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