Lionsgate Stock Surges: What's Driving the After-Hours Rally?

Lionsgate Studios Corp. rose 1.01% in after-hours trading, with Loop initiating coverage on the company with a Hold rating and a $8 price target. The company is a pure play content company with diversified motion picture and television production and distribution businesses, a portfolio of valuable brands and franchises, a talent management and production powerhouse and a more than 20,000-title film and television library.