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Stock Market & Financial Investment News

News Breaks
March 21, 2014
13:44 EDTLGFLionsgate slides ahead of 'Divergent' opening weekend
Shares of entertainment company Lionsgate Entertainment (LGF) are sliding ahead of the wide release of the company's latest film, "Divergent," in U.S. theaters. WHAT'S NEW: Lionsgate's "Divergent," which is the first film in what the company hopes will be its next blockbuster teen movie franchise, is set to debut this weekend. Lionsgate has previously had success with the "Twilight" series of films and the first two movies in "The Hunger Games" trilogy. A report from online entertainment magazine Variety projects the film's domestic opening grosses to be "in the same realm" as the first "Twilight" film, which opened at $69M. Variety believes "Divergent" will earn over $60M this weekend. However, The Los Angeles Times gave a more cautious estimate this morning, predicting that the film could gross $55M or more in ticket sales throughout the U.S. and Canada. WHAT'S NOTABLE: In a note to investors yesterday, Stifel analyst Benjamin Mogil predicted that revenue from “Divergent” would exceed the amount implied by the company's guidance. Mogil expects the film to generate $175M in revenue and said if Lionsgate obtains $140M or more from the movie, that the company will likely increase its 2013-2015 outlook. PRICE ACTION: During afternoon trading, shares of Lions Gate fell by $1.60 or 5.34% to $28.35.
News For LGF From The Last 14 Days
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December 17, 2014
06:52 EDTLGFLions Gate wanted to talk to Sony about M&A, Reuters says
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06:44 EDTLGFGoogle opponents lobbying state attorneys general, NY Times says
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December 12, 2014
06:27 EDTLGFPiper lowers Mockingjay forecast to $775M from $925M
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December 11, 2014
11:02 EDTLGFLionsgate Motion Picture Group promotes Sean Kisker to Chief Strategy Officer
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08:17 EDTLGFHasbro names Lionsgate Vice Chairman Michael Burns to board of directors
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December 9, 2014
07:32 EDTLGFUBS to hold a conference
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