Liberty 77 Reports a $10 Million LGF.A Purchase

The most significant insider buy on today's list comes via a Form 4 filing by Liberty 77 Fund L.P.

The private equity firm reported a purchase of 1,129,609 shares of Lions Gate Entertainment $LGF.A, equivalent to roughly $10 million.

Here’s The Hot Corner, with data from July 11, 2024:

The chief medical officer of Alto Neuroscience Inc $ANRO revealed a small purchase of $190,832 in his own company’s stock.

After a steep drawdown of 75% since its high in 2021, LGF.A has been carving out a bearish-to-bullish reversal pattern.

Price is currently in the middle of the range as buyers and sellers battle for control.

The bias is sideways for longer if the price remains stuck in this range.

However, if and when it gets back above 11.50, a new uptrend will be underway.

Have a great weekend. We'll be back on Friday with more insider activity.

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