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Lions Gate Entertainment Corp. Message Board

  • chickin_feed chickin_feed Apr 3, 2012 3:35 AM Flag

    Profit Taking Continues in Lions Gate; Stock Down 4%

    Profit Taking Continues in Lions Gate; Stock Down 4%


    Lions Gate continues to look like a good near-term short selling opportunity as the stock has been falling on profit taking in the wake of the release of the "Hunger Games." Shares are getting hit again on Monday, with the stock trading down 4.17% to $13.35. Around 3.8 million LGF shares have already traded hands on the session compared to a 3-month daily average of 3 million.

    The activity in the name is being driven by traders who are liquidating positions in which they likely have large profits. Lions Gate has been one of the best performers of 2012 on hype surrounding the "Hunger Games" film, which has been a smashing success.

    Over the last 3 months, the stock has risen more than 60% and over the last 6 months LGF is up roughly 93%. On a longer-term basis, the name may still be a good investment due to a number of catalysts, but in the near-term expect LGF to remain under pressure.

    Lions Gate Entertainment Corp. is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms


    Read more: http://www.benzinga.com/intraday-update/12/04/2465792/profit-taking-continues-in-lions-gate-stock-down-4#ixzz1qxrf33SL

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LGF
30.36-0.43(-1.40%)Oct 22 4:00 PMEDT

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