Starz Entertainment (NASDAQ:STRZ) Stock Price Down 5.1% - Here's What Happened

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

Analyst Upgrades and Downgrades

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

Starz Entertainment Price Performance

Insiders Place Their Bets

In other news, Director Joshua W. Sapan bought 5,500 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $17.98 per share, for a total transaction of $98,890.00. Following the completion of the transaction, the director now owns 5,500 shares in the company, valued at $98,890. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the stock in a transaction dated 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 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."