Friday, February 24, 2012

Lionsgate stock continues to grow

Stock of Lionsgate is at risk of a 4th consecutive all-time high among Wall Street optimism over its youthful-adult franchises "The Hunger Games" and "Twilight."The problem jumped 6% Friday, attaining 81 cents to $13.71 in mid-session buying and selling around the NY Stock Market. The problem had acquired 3% on Thursday and published 2% hikes on Wednesday and Tuesday.The stock has leaped 59% since Jan. 13, when Liosngate completed its $412.5 million utilized buyout of Summit Entertainment.Several factors have brought towards the bullish outlook including sales of 5 million models of "The Twilight Saga: Breaking Beginning - Part 1" in the first 11 days and also the announcement through the Fandango ticketing site that first-day advance ticket sales of "The Hunger Games" had already offered out 100s of showtimes prior to the March 23 release date -- smashing the previous first day advance ticket-seller record held by "The Twilight Saga: Eclipse" on May 14, 2010. Contact Dork McNary at dork.mcnary@variety.com

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