Lions Gate Entertainment (OTCMKTS:LGF-A) Lowered to “Peer Perform” at Wolfe Research

Wolfe Research cut shares of Lions Gate Entertainment (OTCMKTS:LGF-AGet Rating) from an outperform rating to a peer perform rating in a research report report published on Wednesday, FinViz reports.

Lions Gate Entertainment Stock Down 2.9 %

OTCMKTS:LGF-A opened at $9.38 on Wednesday. The stock has a fifty day moving average price of $9.63 and a 200 day moving average price of $12.01.

Insider Buying and Selling

In other news, Director Gordon Crawford bought 30,550 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was bought at an average price of $8.93 per share, for a total transaction of $272,811.50. Following the transaction, the director now directly owns 1,634,013 shares of the company’s stock, valued at approximately $14,591,736.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 164,401 shares of company stock worth $1,449,745 in the last quarter.

Lions Gate Entertainment Company Profile

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Lions Gate Entertainment Corp. engages in the film, television, subscription, and location-based entertainment businesses in the United States, Canada, and internationally. It operates through three segments: Motion Picture, Television Production, and Media Networks. The Motion Picture segment engages in the development and production of feature films; acquisition of North American and worldwide distribution rights; North American theatrical, home entertainment, and television distribution of feature films produced and acquired; and worldwide licensing of distribution rights to feature films produced and acquired.

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