Why Lionsgate Stock Crushed it on Thursday
On news that an entertainment sector giant might be making an attempt to buy a large peer, investors took an interest in several industry stocks on Thursday. One of these was Lionsgate Studios (NYSE: LION), whose share price surged by almost 16%, surely on hopes that it too might be approached by suitors. The stock's advance was much more impressive than the S 500 index's 0.9% increase.
The talk of Hollywood that day was the apparent bid being crafted by Paramount Skydance in a try at acquiring the aforementioned peer, Warner Bros Discovery.
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Source Fool.com
