Starz Entertainment (NASDAQ:STRZ) Shares Down 5.1% - Time to Sell?

Starz Entertainment (NASDAQ:STRZ - Get Free Report) dropped 5.1% during trading on Tuesday . The stock traded as low as $18.29 and last traded at $18.38. Approximately 64,755 shares were traded during trading, a decline of 85% from the average daily volume of 421,951 shares. The stock had previously closed at $19.37.

Analyst Upgrades and Downgrades

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

Starz Entertainment Stock Down 4.3%

Insider Activity at Starz Entertainment

In related news, Director Joshua W. Sapan bought 5,500 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $17.98 per share, with a total value of $98,890.00. Following the completion of the acquisition, the director now owns 5,500 shares of the company's stock, valued at $98,890. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were 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 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."