Lions Gate Entertainment (NYSE:LGF-A) Shares Up 7.2% – What’s Next?

Shares of Lions Gate Entertainment Corp. (NYSE:LGF-A) shot up 7.2% on Monday . The company traded as high as $8.46 and last traded at $8.32. 978,174 shares were traded during trading, The stock had previously closed at $7.76.

Lions Gate Entertainment Stock Performance

The business’s 50-day moving average price is $7.77 and its two-hundred day moving average price is $8.53.

Insider Transactions at Lions Gate Entertainment

In other Lions Gate Entertainment news, major shareholder Liberty 77 Capital L.P. acquired 250,568 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was purchased at an average price of $7.43 per share, with a total value of $1,861,720.24. Following the completion of the acquisition, the insider now directly owns 13,840,952 shares in the company, valued at $102,838,273.36. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.