Starz Entertainment (NASDAQ:STRZ) Trading Down 4.6% - What's Next?

Shares of Starz Entertainment (NASDAQ:STRZ - Get Free Report) were down 4.6% during mid-day trading on Wednesday . The stock traded as low as $18.01 and last traded at $18.09. Approximately 80,822 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 395,078 shares. The stock had previously closed at $18.96.

Wall Street Analysts Forecast Growth

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

Starz Entertainment Price Performance

Insider Activity at Starz Entertainment

In other Starz Entertainment news, Director Joshua W. Sapan bought 5,500 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $17.98 per share, with a total value of $98,890.00. Following the transaction, the director now owns 5,500 shares of the company's stock, valued at approximately $98,890. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark H. Md Rachesky bought 353,334 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were acquired at an average cost of $14.15 per share, for a total transaction of $4,999,676.10. Following the transaction, the director now directly owns 471,153 shares in the company, valued at approximately $6,666,814.95. This represents a 299.90% increase in their position. The disclosure for this purchase can be found here. 53.60% of the stock is currently 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."