Starz Entertainment (NASDAQ:STRZ) Shares Gap Down - Should You Sell?

Starz Entertainment (NASDAQ:STRZ - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.05, but opened at $17.43. Starz Entertainment shares last traded at $17.05, with a volume of 14,143 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James restated an "outperform" rating and set a $22.00 target price (up from $19.00) on shares of Starz Entertainment in a report on Friday, May 30th. Wall Street Zen upgraded shares of Starz Entertainment to a "hold" rating in a research report on Thursday, May 22nd. Seaport Res Ptn upgraded shares of Starz Entertainment to a "strong-buy" rating in a report on Sunday, May 18th. Finally, TD Cowen upgraded shares of Starz Entertainment to a "hold" rating in a report on Tuesday, May 13th.

Starz Entertainment Stock Down 0.8%

Insider Activity

In other news, Director Joshua W. Sapan acquired 5,500 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of $17.98 per share, with a total value of $98,890.00. Following the completion of the purchase, the director now owns 5,500 shares of the company's stock, valued at $98,890. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $14.15, for a total transaction of $4,999,676.10. The disclosure for this sale can be found here. 53.60% of the stock is owned by company insiders.

About Starz Entertainment

Starz is a premium cable and streaming network owned by Starz Entertainment, which was formerly a part of Lionsgate. Starz had about 20 million subscribers in the U.S. and Canada as of Dec. 31, 2024. The company's franchises include “Outlander” and “Power."