Lions Gate Entertainment (NYSE:LGF-A) Trading Down 0.1%

Lions Gate Entertainment Corp. (NYSE:LGF-A) shares dropped 0.1% on Wednesday . The company traded as low as $10.47 and last traded at $10.66. Approximately 485,093 shares traded hands during mid-day trading, The stock had previously closed at $10.67.

Analyst Ratings Changes

Separately, Barrington Research upgraded shares of Lions Gate Entertainment from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research note on Monday, March 11th.

Lions Gate Entertainment Stock Performance

The stock’s fifty day moving average is $9.76 and its two-hundred day moving average is $9.67.

Insider Buying and Selling

In related news, CEO Jon Feltheimer purchased 100,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was acquired at an average price of $8.84 per share, with a total value of $884,000.00. Following the purchase, the chief executive officer now directly owns 2,088,988 shares in the company, valued at $18,466,653.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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.