Lions Gate Entertainment Corp. (LGF) was a big mover last session, as the company saw its shares rise over 5% on the day. This led to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $30.31 to $32.43 in the past one-month time frame.
In the last 30 days, the company witnessed 4 downward estimate revisions and the Zacks Consensus Estimate lowered over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.
Lions Gate Entertainment currently has a Zacks Rank #5 (Strong Sell).
An attractive stock in the same sector worth considering includes The Walt Disney Company (DIS) carrying a Zacks Rank #2.
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