May 24, 2013 at 10:55 AM EDT
NWSA, STRZA, LYV, and IMAX Under StockCall’s Microscope
StockCall.com Provides Stock Research on News Corp., Starz, Live Nation Entertainment Inc., and IMAX Corp.
New York City, New York -- (May 24, 2013)
The entertainment industry in the U.S., as well as globally, is undergoing a major transformation. The biggest trend to emerge in the industry has been the shift to online to distribute content. This trend is expected to continue due to the increasing use of smartphones and tablets. As a result, entertainment companies have been adapting to the changing market dynamics. Entertainment companies in the U.S. are also expected to benefit from an improved economic outlook. Recent data, especially from the labor market, has indicated that the U.S. economic recovery remains on track. On Thursday, May 23, 2013, shares in entertainment companies ended mostly lower as the broad market slipped. The major movers in the sector included News Corp. (NASDAQ: NWSA), Starz (NASDAQ: STRZA), Live Nation Entertainment Inc. (NYSE: LYV), and IMAX Corporation (NYSE: IMAX). StockCall has released full comprehensive research on NWSA, STRZA, LYV, and IMAX and these free technical analyses can be downloaded by signing up at
Shares in News Corp. moved lower on Thursday, tracking losses in the broader market. The stock closed 1.05% lower at $32.87 after trading between $32.62 and $33.21. A total of 13.70 million shares were traded which is below the daily average volume of 14.25 million. So far this year, the company’s shares have gained nearly 28.90%, outperforming the S&P 500. The stock is trading 3.44% below its 52-week high. Shares of NWSA are trading well above their 50- and 200-day moving averages. Free technical analysis on NWSA available by signing up at
Starz’s stock was one of the major losers in the entertainment sector yesterday, closing 0.75% lower at $22.64. The stock hit an intraday low of $22.01 on volume of 887,290 shares which is below the daily average volume of 1.22 million. The company’s shares have traded sideways over the past two weeks, struggling to break through $23 resistance level. The stock is currently trading above its 50- and 200-day moving averages. So far this year, shares of STRZA have gained nearly 70.50%, outperforming the S&P 500. Register today and access the free research on STRZA at
Shares in Live Nation Entertainment Inc. rose sharply on Thursday even as the broader market came under pressure. The stock hit an intraday high of $13.84 before finishing the day 1.55% higher at $13.78. A total of 1.69 million shares were traded which is below the daily average volume of 1.31 million. However, despite the gains yesterday, the stock is down over 0.70% this week. The company’s shares have been facing stiff resistance at around $14. The stock is currently trading 2.61% below its 52-week high. The free report on LYV can be downloaded by signing up now at
IMAX Corporation’s stock also moved lower yesterday, closing 1% lower at $27.74 after trading between $26.67 and $27.83. A total of 727,463 shares were traded which is in-line with the daily average volume of 795,046. Shares of the company have now fallen nearly 3.50% in the last three sessions. However, despite the sharp pullback, the stock is still is trading near its 52-week high of $28.99. The stock is also trading above its 50- and 200-day moving averages. So far this year, the company’s shares have gained 23.40%, outperforming the S&P 500. Free report on IMAX can be accessed by registering at
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
William T. Knight
Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)
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