Lions Gate Entertainment (NYSE:LGF-A) Shares Up 7.2% – Here’s Why

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

Lions Gate Entertainment Stock Up 7.2 %

The firm’s 50 day moving average is $7.77 and its two-hundred day moving average is $8.55.

Insider Buying and Selling at Lions Gate Entertainment

In other news, major shareholder Liberty 77 Capital L.P. purchased 4,362 shares of the stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of $6.90 per share, for a total transaction of $30,097.80. Following the acquisition, the insider now owns 152,197 shares in the company, valued at $1,050,159.30. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have purchased 1,282,248 shares of company stock worth $9,226,529.

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.