QVC Group files Chapter 11 — preferred share crashes 41% on 149× average volume
QVC Group (QVCGP) filed a pre-packaged Chapter 11 bankruptcy on 17 April to slash its $6.6 billion debt load to roughly $1.3 billion. The preferred share fell 40.76% to $2.02, hitting an intraday low of $0.44 — a new 52-week low — on 14.26 million shares, 149 times its 20-day average of 95,553.
Supporting 5 queries
To surface this insight, Baselight ran 5 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
Close Apr 17: $2.02 vs prior close $3.41 → -40.76%; intraday low $0.44 (new 52w low; prior 52w low $1.28); volume 14,264,100 vs 20-day avg 95,553 → 149× average. Debt restructuring target: $6.6B → ~$1.3B. Confirmed by Bloomberg, AP, CNN, Fox Business on Apr 17.