You will be redirected back to your article in seconds

Lionsgate Stock Keeps Roaring, Hits Another High

Stock has tripled in value since Summit deal

Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business.

The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012.

Recent developments in its TV business include ABC’s renewal of Lionsgate’s “Nashville” for a second season and George Lopez’s latest sitcom venture landing at FX with the cabler ordering 10 segments of “Saint George.” The latter will be produced by Lionsgate TV and Debmar-Mercury under Debmar’s “10/90″ model, allowing FX to quickly order 90 additional episodes if the initial 10-episode run hits predetermined ratings targets.

Lionsgate has gained over 60% this year on optimism over its young-adult franchises — including the next three “Hunger Games” films, “Ender’s Game” and “Divergent” — and better-than-expected quarterly results. That’s been fueled by  recent price target hikes, including Alan Gould of Evercore going from $24 to $30.

“Ender’s Game” debuts Nov. 1 and “The Hunger Games: Catching Fire,” starring Jennifer Lawrence, opens three weeks later on Nov. 22. “Divergent,” starring Shailene Woodley, opens March 21.

More TV

  • RuPaul

    RuPaul Reveals the Queens Competing in 'RuPaul's Drag Race All Stars' Season 3

    Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business. The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012. Recent developments in its […]

  • Donald Trump

    SAG-AFTRA Supports 'Unencumbered Press' After Trump's License Revocation Threat

    Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business. The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012. Recent developments in its […]

  • Brent Briscoe Dead: 'Twin Peaks' and

    Brent Briscoe, 'Twin Peaks' and 'Parks and Recreation' Actor, Dies at 56

    Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business. The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012. Recent developments in its […]

  • 'Magnum P.I.' Reboot in Development at

    'Magnum P.I.' Reboot in Development at CBS From Peter Lenkov With Production Commitment

    Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business. The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012. Recent developments in its […]

  • YouTube logo

    TV News Roundup: YouTube Greenlights Tinder-Themed Comedy 'Swipe Right'

    Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business. The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012. Recent developments in its […]

  • THE GIFTED: L-R: Natalie Alyn Lind,

    Delayed Viewing Ratings: 'Gifted' Scores for Fox, 'Good Doctor' Stands Strong on ABC

    Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business. The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012. Recent developments in its […]

  • The Walking Dead Season 7 Mid

    Microsoft Picks Up Six-Second Ads in AMC's 'Walking Dead'

    Lionsgate stock keeps roaring, setting another all-time high amid bullishness over its young-adult franchises such as “The Hunger Games” and its TV business. The stock jumped 3% on Tuesday, rising 79¢, to $26.95. That’s more than three times its $8.60 price when Lionsgate acquired Summit for $412.5 million in January, 2012. Recent developments in its […]

More From Our Brands

Access exclusive content