Lions Gate Entertainment (NYSE:LGF-A) Shares Up 3.5%

Lions Gate Entertainment Corp. (NYSE:LGF-A) rose 3.5% during trading on Thursday . The company traded as high as $7.99 and last traded at $7.97. Approximately 904,938 shares were traded during mid-day trading, The stock had previously closed at $7.70.

Analyst Upgrades and Downgrades

Separately, Wolfe Research upgraded shares of Lions Gate Entertainment from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 10th.

Lions Gate Entertainment Stock Performance

The firm has a 50 day moving average price of $8.15 and a 200-day moving average price of $9.07.

Insider Activity

In other Lions Gate Entertainment news, major shareholder Liberty 77 Capital L.P. bought 289,488 shares of the stock in a transaction on Tuesday, July 9th. The stock was purchased at an average price of $8.73 per share, for a total transaction of $2,527,230.24. Following the completion of the purchase, the insider now directly owns 9,680,346 shares in the company, valued at $84,509,420.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 4,186,856 shares of company stock worth $33,695,490.

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.