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

Lions Gate Entertainment Corp. (NYSE:LGF-A)’s share price shot up 7.2% during mid-day trading on Monday . The stock traded as high as $8.46 and last traded at $8.32. 978,174 shares changed hands during trading, The stock had previously closed at $7.76.

Lions Gate Entertainment Trading Down 3.7 %

The company’s 50 day simple moving average is $7.77 and its 200-day simple moving average is $8.53.

Insider Activity at Lions Gate Entertainment

In other Lions Gate Entertainment news, major shareholder Liberty 77 Capital L.P. purchased 472,339 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $6.73 per share, for a total transaction of $3,178,841.47. Following the completion of the acquisition, the insider now owns 1,772,339 shares of the company’s stock, valued at approximately $11,927,841.47. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have acquired 936,409 shares of company stock worth $6,522,068.

Lions Gate Entertainment Company Profile

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.