Lions Gate Entertainment (NYSE:LGF-B) Shares Up 7.4% – What’s Next?

Lions Gate Entertainment Corp. (NYSE:LGF-B) shares shot up 7.4% during mid-day trading on Monday . The company traded as high as $7.52 and last traded at $7.41. 855,497 shares changed hands during mid-day trading, The stock had previously closed at $6.90.

Lions Gate Entertainment Price Performance

The business has a fifty day simple moving average of $6.90 and a 200-day simple moving average of $7.72.

Insider Activity

In related news, major shareholder Liberty 77 Capital L.P. purchased 250,568 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was bought at an average price of $7.43 per share, with a total value of $1,861,720.24. Following the completion of the purchase, the insider now owns 13,840,952 shares in the company, valued at approximately $102,838,273.36. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders purchased 936,409 shares of company stock valued at $6,522,068.

About Lions Gate Entertainment

Lions Gate Entertainment Corp. engages in the film, television, subscription, and location-based entertainment businesses in the United States, Canada, and internationally. The company operates through three segments: Motion Picture, Television Production, and Media Networks. The Motion Picture segment engages in the development and production of feature films; acquisition of North American and worldwide distribution rights; North American theatrical, home entertainment, and television distribution of feature films produced and acquired; and worldwide licensing of distribution rights to feature films produced and acquired.