Lions Gate Entertainment Corporation (LGF) has been under a strong bear grip, hence the stock is down -4.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.8% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.45% in the last 1 week, and is up 2.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Lions Gate Entertainment Corporation (NYSE:LGF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.83 and $20.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.10, notching a gain of 0.62% for the day. The total traded volume was 1,229,289 . The stock had closed at $20.97 on the previous day.
The stock has recorded a 20-day Moving Average of 5.45% and the 50-Day Moving Average is 2.05%. Lions Gate Entertainment Corp. is up 3.75% in the last 3-month period. Year-to-Date the stock performance stands at -34.29%.
Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Companys Motion Pictures segment consists of the development and production of feature films, acquisition of North American and global distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and global licensing of distribution rights to feature films produced and acquired. The Companys Television Production segment consists of the development, production and global distribution of television productions, including television series, television movies and mini-series and non-fiction programming.