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

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

Lions Gate Entertainment Stock Up 2.8 %

The firm has a fifty day simple moving average of $6.98 and a 200 day simple moving average of $8.08.

Insider Buying and Selling

In other Lions Gate Entertainment news, major shareholder Liberty 77 Capital L.P. acquired 4,362 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of $6.90 per share, with a total value of $30,097.80. Following the purchase, the insider now owns 152,197 shares of the company’s stock, valued at $1,050,159.30. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have acquired 3,897,368 shares of company stock valued at $31,168,260.

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.