Lionsgate Studios Corp [NYSE: LION] stock went on an upward path that rose over 20.03% on Wednesday, amounting to a one-week price increase of more than 11.49%.
Over the last 12 months, LION stock dropped by -27.17%.
Compared to the average trading volume of 358.78K shares, LION stock reached a trading volume of 5801956 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Lionsgate Studios Corp [LION]:
Seaport Research Partners have made an estimate for Lionsgate Studios Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 06, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on August 02, 2024, representing the official price target for Lionsgate Studios Corp stock.
LION Stock Performance Analysis:
Lionsgate Studios Corp [LION] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.49. With this latest performance, LION shares gained by 25.58% in over the last four-week period, additionally plugging by 20.03% over the last 6 months – not to mention a drop of -27.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LION stock in for the last two-week period is set at 66.52, with the RSI for the last a single of trading hit 73.78, and the three-weeks RSI is set at 61.42 for Lionsgate Studios Corp [LION]. The present Moving Average for the last 50 days of trading for this stock 7.35, while it was recorded at 7.21 for the last single week of trading, and 7.25 for the last 200 days.
Lionsgate Studios Corp [LION] Institutonal Ownership Details
The top three institutional holders of LION stocks are: FMR LLC with ownership of 5.4 million shares, which is approximately 1.9842%. CAPITAL RESEARCH GLOBAL INVESTORS, holding 4.15 million shares of the stock with an approximate value of $$33.48 million in LION stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $$20.9 million in LION stock with ownership which is approximately 0.9519%.
