Starz Entertainment (NASDAQ:STRZ) Trading Down 4.6% - Here's Why

Starz Entertainment (NASDAQ:STRZ - Get Free Report) shares 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 were traded 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STRZ shares. Seaport Res Ptn raised Starz Entertainment to a "strong-buy" rating in a research note on Sunday, May 18th. Raymond James reissued 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. Wall Street Zen upgraded Starz Entertainment to a "hold" rating in a report on Thursday, May 22nd. Finally, TD Cowen raised Starz Entertainment to a "hold" rating in a research report on Tuesday, May 13th.

Starz Entertainment Stock Performance

Insider Buying and Selling

In other Starz Entertainment news, Director Mark H. Md Rachesky bought 353,334 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were acquired at an average cost of $14.15 per share, with a total value of $4,999,676.10. Following the acquisition, the director now owns 471,153 shares of the company's stock, valued at $6,666,814.95. The trade was a 299.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joshua W. Sapan acquired 5,500 shares of Starz Entertainment stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $17.98 per share, with a total value of $98,890.00. Following the completion of the transaction, the director now owns 5,500 shares of the company's stock, valued at approximately $98,890. This trade represents a ∞ 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.

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."