Starz Entertainment (NASDAQ:STRZ) Stock Price Up 7.9% - Here's What Happened

Starz Entertainment (NASDAQ:STRZ - Get Free Report) shares shot up 7.9% on Friday . The stock traded as high as $18.46 and last traded at $18.46. 82,257 shares were traded during mid-day trading, a decline of 78% from the average session volume of 375,803 shares. The stock had previously closed at $17.11.

Wall Street Analyst Weigh In

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

Starz Entertainment Stock Performance

Insider Transactions at Starz Entertainment

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