NEW YORK, December 31, 2025, 12:52 ET — Regular session
- Lionsgate Studios shares fall about 3% in midday trade as filings disclose executive stock sales
- CEO Jon Feltheimer and Vice Chair Michael Burns reported late-December sales cited as tax planning
- Traders watch whether the stock stabilizes below $9 heading into the first 2026 earnings update
Shares of Lionsgate Studios Corp fell 3.4% to $8.94 in midday trading on Wednesday after regulatory filings disclosed stock sales by two top executives. The stock opened at $9.16 and traded between $8.94 and $9.16, with about 1.23 million shares changing hands.
The move matters because the studio’s shares have been trading near yearly highs, leaving less cushion for negative headlines. Insider sales are routine, but they can act as a trigger for profit-taking when a stock has rallied and investors are hunting for the next catalyst.
The disclosures also land at year-end, when tax-related transactions are common and liquidity can be uneven. That combination can amplify price swings and sharpen attention on the next scheduled corporate update.
A Form 4 filing — the SEC report required when executives buy or sell company stock — showed Chief Executive Jon Feltheimer sold 195,000 common shares on Dec. 22 at a weighted average price of $8.28, leaving him with 3.47 million shares. The filing said the sale was made “solely for year-end tax planning purposes.” SEC
Vice Chair Michael Burns sold 21,748 shares on Dec. 23 at a weighted average price of $9.01 and held about 3.06 million shares after the transaction, another Form 4 showed. The filing said the reported price was a weighted average — meaning multiple trades at slightly different prices — and that the holdings include restricted share units, or RSUs, which convert into common stock when they vest.
Wednesday’s dip pushed the stock back below $9 after it opened above that level. Technical traders often focus on whether a stock can hold its intraday low after the morning selloff.
Media stocks were mixed. Walt Disney fell about 0.9%, Warner Bros Discovery eased slightly and Netflix edged higher, while the SPDR S&P 500 ETF slipped about 0.3%.
Lionsgate Studios produces and distributes motion picture and television content and owns a library of more than 20,000 titles, according to the company’s investor relations site.
The stock has traded between $5.55 and $9.46 over the past year, and analysts have an average price target around $9.11, according to data compiled by Stock Analysis. The same data lists Feb. 5, 2026 as the next expected earnings date.
Investors will look to the next results update for commentary on the release slate, television deliveries and library monetization — key drivers for cash generation at content companies. Any changes in guidance or expense discipline are likely to draw an outsized reaction after the stock’s recent run.
