Starz Entertainment (NASDAQ:STRZ) Shares Gap Up - Here's What Happened

Starz Entertainment (NASDAQ:STRZ - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $16.80, but opened at $17.27. Starz Entertainment shares last traded at $17.83, with a volume of 30,862 shares traded.

Analyst Ratings Changes

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

Starz Entertainment Stock Performance

Insider Activity

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

Starz Entertainment Company Profile

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."