Lions Gate Entertainment (NYSE:LGF-B) Trading Up 2.9% – What’s Next?

Shares of Lions Gate Entertainment Corp. (NYSE:LGF-B) shot up 2.9% during mid-day trading on Friday . The stock traded as high as $7.02 and last traded at $6.98. 635,606 shares changed hands during mid-day trading, The stock had previously closed at $6.78.

Lions Gate Entertainment Stock Performance

The business has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $8.07.

Insider Buying and Selling

In other news, major shareholder Liberty 77 Capital L.P. acquired 209,209 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $8.50 per share, with a total value of $1,778,276.50. Following the purchase, the insider now owns 10,879,358 shares of the company’s stock, valued at $92,474,543. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 3,897,368 shares of company stock valued at $31,168,260 over the last three months.

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.