Lions Gate Entertainment (LGF) announced after the close Tuesday that investment funds affiliated with MHR Fund Management LLC expect to sell 10,000,000 common shares of Lionsgate in an underwritten offering. The stock is now down 0.98 on 30K shares.
Lions Gate Entertainment traded in a range for the majority of Tuesday's session and closed down by 0.25 at $33.68. The stock finished near the middle of a 1-month range.
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