Starz Entertainment (NASDAQ:STRZ) Shares Gap Down – Here’s What Happened

Starz Entertainment (NASDAQ:STRZ)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.05, but opened at $17.43. Starz Entertainment shares last traded at $17.05, with a volume of 14,143 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Starz Entertainment to a “hold” rating in a research report on Thursday, May 22nd. Raymond James reissued an “outperform” rating and set a $22.00 price target (up previously from $19.00) on shares of Starz Entertainment in a research report on Friday, May 30th. Seaport Res Ptn raised Starz Entertainment to a “strong-buy” rating in a research report on Sunday, May 18th. Finally, TD Cowen raised Starz Entertainment to a “hold” rating in a research report on Tuesday, May 13th.

Starz Entertainment Stock Performance

Insider Transactions at Starz Entertainment

In other Starz Entertainment news, Director Mark H. Md Rachesky purchased 353,334 shares of the stock in a transaction dated Monday, June 2nd. The stock was bought at an average price of $14.15 per share, with a total value of $4,999,676.10. Following the acquisition, the director now owns 471,153 shares of the company’s stock, valued at approximately $6,666,814.95. This represents a 299.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joshua W. Sapan purchased 5,500 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average cost of $17.98 per share, with a total value of $98,890.00. Following the acquisition, the director now directly owns 5,500 shares in the company, valued at $98,890. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 53.60% of the stock is owned by insiders.

Starz Entertainment Company Profile

Starz is a premium cable and streaming network owned by Starz Entertainment, which was formerly a part of Lionsgate. Starz had about 20 million subscribers in the U.S. and Canada as of Dec. 31, 2024. The company’s franchises include “Outlander” and “Power.”