Lions Gate Entertainment (NYSE:LGF-A) Stock Price Down 5.3% – Should You Sell?

Lions Gate Entertainment Corp. (NYSE:LGF-A) was down 5.3% during trading on Tuesday . The stock traded as low as $7.96 and last traded at $7.99. Approximately 2,148,090 shares were traded during mid-day trading, The stock had previously closed at $8.44.

Lions Gate Entertainment Price Performance

The stock’s 50-day simple moving average is $7.83 and its two-hundred day simple moving average is $8.26.

Insider Buying and Selling

In related news, major shareholder Liberty 77 Capital L.P. acquired 472,339 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $6.73 per share, with a total value of $3,178,841.47. Following the acquisition, the insider now directly owns 1,772,339 shares of the company’s stock, valued at approximately $11,927,841.47. This trade represents a 36.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Lions Gate Entertainment Company Profile

Lions Gate Entertainment Corp. engages in the film, television, subscription, and location-based entertainment businesses in the United States, Canada, and internationally. The company 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.