Lions Gate Entertainment Corporation (LGF) Shares are Up 7.63%

Lions Gate Entertainment Corporation (LGF) : Traders are bullish on Lions Gate Entertainment Corporation (LGF) as it has outperformed the S&P 500 by a wide margin of 2.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.06%, 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 7.63% in the last 1 week, and is up 0.75% 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 3.9% and the 50-Day Moving Average is 5.19%.The 200 Day SMA reached 5.93% Lions Gate Entertainment Corp. is up 1.63% in the last 3-month period. Year-to-Date the stock performance stands at -32.76%.


Lions Gate Entertainment Corporation (LGF) : The consensus price target for Lions Gate Entertainment Corporation (LGF) is $27.58 for the short term with a standard deviation of $5.13. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $22.

For the current week, the company shares have a recommendation consensus of Buy. Lions Gate Entertainment Corporation (NYSE:LGF): The stock opened at $20.21 and touched an intraday high of $21.7 on Friday. During the day, the stock corrected to an intraday low of $20.21, however, the bulls stepped in and pushed the price higher to close in the green at $21.59 with a gain of 6.15% for the day. The total traded volume for the day was 6,690,710. The stock had closed at $21.59 in the previous trading session.

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.

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