Lions Gate Entertainment (NYSE:LGF-A) Shares Up 3.1% – Here’s What Happened

Lions Gate Entertainment Corp. (NYSE:LGF-A) shares shot up 3.1% during mid-day trading on Friday . The company traded as high as $7.87 and last traded at $7.85. 866,310 shares traded hands during mid-day trading, The stock had previously closed at $7.61.

Lions Gate Entertainment Stock Up 3.0 %

The stock has a fifty day moving average price of $7.87 and a 200-day moving average price of $8.86.

Insiders Place Their Bets

In other Lions Gate Entertainment news, major shareholder Liberty 77 Capital L.P. bought 472,339 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $6.73 per share, for a total transaction of $3,178,841.47. Following the transaction, the insider now directly owns 1,772,339 shares in the company, valued at approximately $11,927,841.47. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 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.