Lions Gate Entertainment Corporation (NYSE:LGF) has climbed 0.23% in the past week and advanced 7.83% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.44% and the outperformance has advanced to 6.85% for the last 4 weeks period.
Lions Gate Entertainment Corporation (NYSE:LGF): The stock opened at $21.43 on Friday but the bulls could not build on the opening and the stock topped out at $21.73 for the day. The stock traded down to $21.23 during the day, due to lack of any buying support eventually closed down at $21.34 with a loss of -0.28% for the day. The stock had closed at $21.40 on the previous day. The total traded volume was 2,882,356 shares.
The company shares have dropped -43.37% from its 1 Year high price. On Nov 12, 2015, the shares registered one year high at $41.41 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $21.39 and the 200 Day Moving Average price is recorded at $24.32.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Paterson Scott, director of Lions Gate Entertainment Corp /Cn/, had unloaded 40,000 shares at an average price of $37.42 in a transaction dated on November 17, 2015. The total value of the transaction was worth $1,496,800.
Many analysts have stated their opinion on the company shares. RBC Capital initiates coverage on Lions Gate Entertainment Corporation (NYSE:LGF).The analysts at the brokerage house have a current rating of Sector Perform on the shares. In a recent information released to the investors, RBC Capital announces the price target of $22 per share. The rating by the firm was issued on April 7, 2016. Currently the company Insiders own 35.3% of Lions Gate Entertainment Corporation shares according to the proxy statements. Institutional Investors own 94.96% of Lions Gate Entertainment Corporation shares.
Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Companys Motion Pictures segment consists of the development and production of feature films, acquisition of North American and global distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and global licensing of distribution rights to feature films produced and acquired. The Companys Television Production segment consists of the development, production and global distribution of television productions, including television series, television movies and mini-series and non-fiction programming.