Starz Entertainment (NASDAQ:STRZ) Stock Price Down 3.6% - Time to Sell?

Starz Entertainment (NASDAQ:STRZ - Get Free Report)'s stock price dropped 3.6% during trading on Wednesday . The company traded as low as $16.16 and last traded at $16.24. Approximately 86,779 shares changed hands during trading, a decline of 76% from the average daily volume of 354,827 shares. The stock had previously closed at $16.84.

Wall Street Analyst Weigh In

STRZ has been the subject of several analyst reports. Raymond James Financial reiterated an "outperform" rating and set a $22.00 price objective (up previously from $19.00) on shares of Starz Entertainment in a report on Friday, May 30th. TD Cowen raised Starz Entertainment to a "hold" rating in a research report on Tuesday, May 13th. Wall Street Zen raised Starz Entertainment to a "hold" rating in a report on Thursday, May 22nd. Finally, Seaport Res Ptn upgraded Starz Entertainment to a "strong-buy" rating in a research report on Sunday, May 18th.

Starz Entertainment Stock Performance

Insiders Place Their Bets

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 bought at an average price of $17.98 per share, for a total transaction of $98,890.00. Following the acquisition, the director now owns 5,500 shares of the company's stock, valued at approximately $98,890. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the firm'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 currently owned by company insiders.

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."