Lions Gate Entertainment (NYSE:LGF-B) Trading 2.9% Higher – Time to Buy?

Lions Gate Entertainment Corp. (NYSE:LGF-B) traded up 2.9% on Friday . The stock traded as high as $7.02 and last traded at $6.98. 635,606 shares traded hands during mid-day trading, The stock had previously closed at $6.78.

Lions Gate Entertainment Stock Up 2.8 %

The company has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $8.08.

Insider Activity

In other Lions Gate Entertainment news, major shareholder Liberty 77 Capital L.P. purchased 209,209 shares of Lions Gate Entertainment stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $1,778,276.50. Following the completion of the acquisition, the insider now owns 10,879,358 shares of the company’s stock, valued at approximately $92,474,543. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased 3,897,368 shares of company stock worth $31,168,260 in the last quarter.

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.