Lionsgate Studios slips on report Netflix isn’t interested in buyout
Lionsgate Studios Corp. stock dropped before the bell Wednesday, giving up some gains after Netflix shot down talk it was chasing a deal for the Hollywood studio. The shares had hit an all-time high Tuesday on the takeover chatter. The stock was at $15.45 in premarket, off 5.6% from where it finished Tuesday at $16.36. Shares closed up 13.9% on Tuesday. Premarket trading happens before the main session and can be thin, with bigger price swings.