Shares of Lions Gate Entertainment Corporation (LGF) Sees Large Outflow of Money

Lions Gate Entertainment Corporation (LGF) : The value of composite uptick trades was $2.8 million, whereas, the value of composite downtick trades was $4.72 million. The uptick to downtick ratio stood at 0.59 with a negative money flow of ($1.92) Million during Thursdays trading session. The block trades money flow was negative ($2.25 million). The transaction of the trades on downticks amounted to $2.25 million, which confirms investors selling on the strength of price. Lions Gate Entertainment Corporation (LGF) gained 40 cents at $20.22, an increase of 2.02% over the previous days close.


The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 3.55%. Shares have dropped -48.58% from its 1 Year high price. On Nov 12, 2015, the shares registered one year high at $41.41 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $21.00 and the 200 Day Moving Average price is recorded at $22.54.

Lions Gate Entertainment Corporation (NYSE:LGF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.77 and $19.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.06, notching a gain of 1.21% for the day. The total traded volume was 3,537,852 . The stock had closed at $19.82 on the previous day.

In an insider trading activity, The director, of Lions Gate Entertainment Corp /Cn/, Paterson Scott had unloaded 40,000 shares at $37.42 per share in a transaction on November 17, 2015. The total value of transaction was $1,496,800. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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