Lions Gate Entertainment Corporation (LGF) Shares Slide -5.26%

Lions Gate Entertainment Corporation (LGF) has risen sharply, recording gains of 0.71% in the past 4 weeks. However, the stock has corrected -5.26% in the past 1 week, providing a good buying opportunity on dips. Lions Gate Entertainment Corporation (LGF) : During the past 4 weeks, traders have been relatively bearish on Lions Gate Entertainment Corporation (LGF), hence the stock is down -2.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.2% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 3.36%. Lions Gate Entertainment Corp. has dropped 9.55% during the last 3-month period . Year-to-Date the stock performance stands at -37.74%.


Lions Gate Entertainment Corporation (NYSE:LGF): stock turned positive on Friday. Though the stock opened at $19.7, the bulls momentum made the stock top out at $20.23 level for the day. The stock recorded a low of $19.45 and closed the trading day at $19.99, in the green by 1.22%. The total traded volume for the day was 1,905,206. The stock had closed at $19.75 in the previous days trading.

Also, Major Brokerage house, Bernstein downgrades its ratings on Lions Gate Entertainment Corporation (NYSE:LGF). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 14, 2016.

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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