Lions Gate Surrenders Huge Gains

Loading...
Loading...

Lions Gate Entertainment Corp. (USA) LGF shares were unchanged at $20.94 in Thursday's session.The Street seemed to be having second thoughts regarding its takeover of Starz Entertainment STRZA for $4.4 billion in cash and stock.

After a sharply higher open, it immediately peaked at $23.37 and began to crater. That level is just shy of a trio of highs from earlier in the month at the $23.50 area.

Since making that high, it swooned to $20.25 before staging a rebound. That low is just above Wednesday's low of $20.16.

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...