NasdaqGS:STRZEntertainment
Starz Entertainment (STRZ) Stock Gains Ground On Stronger OIBDA Outlook
Starz Entertainment shares added 1.9% to close at US$26.22, which looks mild compared with how much emotion is wrapped into this quarter. The market appears to be reacting to one clear headline. Management put adjusted operating income before depreciation and amortization, or adjusted OIBDA, on a firmer path and lifted full year guidance while also pushing unlevered free cash flow expectations toward the top of the prior range.
For a stock that had slipped about 5.9% over the past month,...