On a relative basis, the stock has outperformed the S&P 500 by 9.01% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.32% in the last 1 week, and is up 13.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.56% and the 50-Day Moving Average is 8.73%.
Starz (NASDAQ:STRZA): The stock opened at $30.20 on Friday but the bulls could not build on the opening and the stock topped out at $30.26 for the day. The stock traded down to $29.79 during the day, due to lack of any buying support eventually closed down at $29.99 with a loss of -0.07% for the day. The stock had closed at $30.01 on the previous day. The total traded volume was 1,171,630 shares.
The company Insiders own 7.1% of Starz shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -27.15% . Institutional Investors own 83.5% of Starz shares. During last six month period, the net percent change held by insiders has seen a change of -27.15%. In a related news,The director of Starz, Sagansky Jeffrey sold 3,500 shares at $27.43 on May 9, 2016. The Insider selling transaction had a total value worth of $96,005. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Starz is an integrated media and entertainment company. Starz is engaged in video programming and development, production, acquisition and distribution of entertainment content. The Company has three segments: Starz Networks, Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States, including cable operators, satellite television providers and telecommunications companies. The Starz Distribution segment includes its Anchor Bay Entertainment, Starz Digital and Starz Worldwide Distribution businesses. Starz Animation, through Film Roman, LLC, develops and produces two-dimensional animated content for third party entertainment companies. The Company conducts its operations under the STARZ, ENCORE, MOVIEPLEX, Anchor Bay Entertainment, Starz Digital, Starz Worldwide and Film Roman brand names.