Weakness Seen in Lions Gate (LGF): Stock Tumbles 11.5%
Lions Gate Entertainment Corp. (LGF) saw a big move last session, as the company’s shares fell by almost 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for LGF, as the stock is now up nearly 3% since May 15, 2014.
This slump shouldn’t be too much of a surprise to investors, as the entertainment company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
LGF currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include News Corporation (NWS), The Walt Disney Company (DIS) and Galaxy Entertainment Group Limited (GXYEY). All these stocks hold a Zacks Rank #2 (Buy).
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LIONS GATE ENTMNT CORP (LGF): Free Stock Analysis Report
THE WALT DISNEY CO (DIS): Free Stock Analysis Report
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GALAXY ENTERTAINMENT (GXYEY): Free Stock Analysis Report
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