Starz (STRZA) : Traders are bullish on Starz (STRZA) as it has outperformed the S&P 500 by a wide margin of 4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.97% in the last 1 week, and is up 5.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.28% and the 50-Day Moving Average is 8.33%. Starz (NASDAQ:STRZA): On Fridays trading session , Opening price of the stock was $31.72 with an intraday high of $31.81. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.46. However, the stock managed to close at $31.51, a loss of 0.91% for the day. On the previous day, the stock had closed at $31.8. The total traded volume of the day was 952,547 shares.
The company Insiders own 7.1% of Starz shares according to the proxy statements. Institutional Investors own 84.43% of Starz shares. During last six month period, the net percent change held by insiders has seen a change of -27.15%. Also, In the latest statement by the brokerage house, CLSA downgrades its outlook on Starz (NASDAQ:STRZA). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on August 1, 2016.
Starz is an integrated media and entertainment company. Starz is engaged in video programming and development, production, acquisition and distribution of entertainment content. The Company has three segments: Starz Networks, Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States, including cable operators, satellite television providers and telecommunications companies. The Starz Distribution segment includes its Anchor Bay Entertainment, Starz Digital and Starz Worldwide Distribution businesses. Starz Animation, through Film Roman, LLC, develops and produces two-dimensional animated content for third party entertainment companies. The Company conducts its operations under the STARZ, ENCORE, MOVIEPLEX, Anchor Bay Entertainment, Starz Digital, Starz Worldwide and Film Roman brand names.