fredag 30 november 2012

Lionsgate Shares Close At Highest Level Ever Helped By ‘Twilight Saga’

Deadline   How long will the joyride continue? Lionsgate’s stock closed today +1.6% to $16.86, exceeding the previous record of $16.68 that it reached on November 9. While that’s the company’s best closing price, it’s still shy of the intra-day high of $17.02 that it hit on November 1.
But execs at the independent studio have no reason to complain. Investors remain dazzled by Lionsgate’s string of successes this year including The Twilight Saga: Breaking Dawn Part 2, which has generated $227M at domestic box offices in its first two weeks. Lionsgate accounts for about 8.3% of the domestic box office so far this year, up from 2%  in the same period in 2011. And the company’s shares have appreciated nearly 111% in 2012.

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