This weeks insider's buy

Lions Gate could see 36% gain

Author

John
July 30, 2024

Welcome to Insider Insights,

Insiders sell for many reasons, but they only buy for one - to make more money. We’re here to do the same thing.

If you’re busy ⏱️

Markets are mostly green.

There were 70 insider buys last week, with the largest being over $2 billion in Snp Select Income Fund.

Lions Gate (ticker: LGF.A) has substantial insider buying this week, with analysts suggesting the stock is worth 36% more than it’s current trading price.

Weekly Market Numbers 🔔

S&P500: Opened up at 546.02.

Nasdaq 100: Opened up at 465.00

Dow: Opened up at 406.97

Headlines 📰

  • The Bank of England, Japan, and the Federal Reserve will all give monetary policy updates this week.

  • Microsoft reports earnings today. Some will be looking at the results to gauge consumer spending habits.

  • The U.S. employment report comes out this Friday

  • Betting markets indicate Mark Kelly, Senator from Arizona, will be the official Democratic VP pick, with his odds sitting at 38%.

Notable Insider Buys (7/22-7/26)

Date Listed

Company

Bought

7/22

Artiva Biotheraputics (ARTV)

$55 million bought

7/23

Pearl Driver Credit Co Inc. (PDCC)

$30 million bought

7/24

Dnp Select Income Fund Inc (DNP)

$2 billion

7/25

Black Rock Innovations and Growth Term Trust (BIGZ)

$1 million

7/26

Appian Corp (APPN)

$4.3 million

Insider Buy of the week

Company: Lions Gate Entertainment Corp (ticker: LGF.A)

Market Cap: $1.91 billion(2)

Trading at: $8.52(2)

Buyer: Liberty 77 Capital

Purchase Details:

7/25/24: Bought 610,222 shares at $31.04 for just under $1.3 million(1). Over the past 2 months they’ve bought roughly $20 million of the stock in total(1) .

What’s interesting?

Lions Gate Entertainment is an entertainment business that has been undergoing some restructuring lately(3) . TV profits are up 83%, and the company had $319.6 million in profit in the previous fiscal year, the highest in a decade(3) . It’s 52-week low sat just under $7(2) .

Analysts have been marking this a strong buy, with a target price of $11.60, roughly a 36% gain from it’s current trading price(2) .

(1) source

(2) source

(3) source

Thanks for reading,

Let me know if I missed any insider trades that were on your radar!

-Insider Insights

Note: Nothing contained in this work is investment advice. Please do your own diligence when considering any financial investments. All investments are at your own risk. As of date of publishing, the writer has no vested interest in any of the assets mentioned above.