Starz Entertainment (NASDAQ:STRZ - Get Free Report) dropped 3.6% during trading on Wednesday . The stock traded as low as $16.16 and last traded at $16.24. Approximately 86,779 shares were traded during trading, a decline of 76% from the average daily volume of 354,827 shares. The stock had previously closed at $16.84.
Analysts Set New Price Targets
STRZ has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded Starz Entertainment to a "strong-buy" rating in a research report on Sunday, May 18th. TD Cowen raised shares of Starz Entertainment to a "hold" rating in a research note on Tuesday, May 13th. Wall Street Zen raised shares of Starz Entertainment to a "hold" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial restated an "outperform" rating and set a $22.00 price target (up previously from $19.00) on shares of Starz Entertainment in a report on Friday, May 30th.
Read Our Latest Analysis on Starz Entertainment
Starz Entertainment Trading Down 2.8%
Insider Activity
In related news, Director Joshua W. Sapan acquired 5,500 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average price of $17.98 per share, for a total transaction of $98,890.00. Following the purchase, the director now owns 5,500 shares in the company, 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 can be accessed through this link. Also, Director Mark H. Md Rachesky bought 353,334 shares of the business's stock in a transaction on Monday, June 2nd. The stock was bought at an average price of $14.15 per share, with a total value of $4,999,676.10. Following the transaction, the director now owns 471,153 shares in the company, valued at approximately $6,666,814.95. This represents a 299.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. 53.60% of the stock is currently owned by corporate insiders.
About Starz Entertainment
(
Get Free Report)
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."
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