Starz Entertainment (NASDAQ:STRZ) Trading 4.4% Higher - Time to Buy?

Starz Entertainment (NASDAQ:STRZ - Get Free Report) shares shot up 4.4% during trading on Wednesday . The stock traded as high as $16.70 and last traded at $16.51. 9,446 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 341,259 shares. The stock had previously closed at $15.81.

Analyst Upgrades and Downgrades

STRZ has been the subject of several recent research reports. Wall Street Zen upgraded Starz Entertainment to a "hold" rating in a report on Thursday, May 22nd. TD Cowen upgraded shares of Starz Entertainment to a "hold" rating in a research note on Tuesday, May 13th. Raymond James Financial reaffirmed an "outperform" rating and issued a $22.00 price objective (up from $19.00) on shares of Starz Entertainment in a research note on Friday, May 30th. Finally, Seaport Res Ptn upgraded shares of Starz Entertainment to a "strong-buy" rating in a report on Sunday, May 18th.

Starz Entertainment Stock Up 3.9%

Insider Activity at Starz Entertainment

In other Starz Entertainment news, Director Joshua W. Sapan acquired 5,500 shares of Starz Entertainment stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average price of $17.98 per share, for a total transaction of $98,890.00. Following the purchase, the director now directly owns 5,500 shares of the company's stock, valued at $98,890. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $4,999,676.10. The disclosure for this sale 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."

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