Starz (STRZA) : Traders are bullish on Starz (STRZA) as it has outperformed the S&P 500 by a wide margin of 1.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.22% in the last 1 week, and is up 4.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Starz (NASDAQ:STRZA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.39 and $30.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.90, notching a gain of 3.62% for the day. The total traded volume was 1,498,993 . The stock had closed at $29.82 on the previous day.
The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 7.99%. Starz is up 12.2% in the last 3-month period. Year-to-Date the stock performance stands at -7.76%.
Starz (STRZA) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $47 and the lowest price target forecast is $30. The average forecast of all the analysts is $35.46 and the expected standard deviation is $6.61.
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.