Lionsgate shares jump 7%

Lionsgate's shares leaped Wednesday simply because of strong prospects because of its approaching 'Hunger Games' franchise.1Shares of Lionsgate have jumped again on Wall Street's bullishness within the small-major's utilized buyout of Summit and powerful prospects because of its "The Hunger Games" franchise.Lionsgate stock closed up 7% on Wednesday, jumping 81 to $12.15, with 2.63 million shares altering hands -- three occasions average volume in the last three several weeks -- despite a downbeat performance overall by issues around the NY Stock Market. The stock had also risen 7% on Friday within the wake of multiple analyst upgrades.The stock has become 41% above its $8.60 cost on Jan. 13, your day Lionsgate closed the $412.5 million Summit deal. It's almost bending in cost from last year, once the problem occured lower by Lionsgate's ongoing fight with investor Carl Icahn. "Mad Money" host Jim Cramer released an positive outlook the 2009 week, offering Lionsgate like a stock that may go up to $15. He stated, "You ought to get within this stock in front of the March release date, even while Lionsgate has increase massively forever of the season, rallying 35% all around the buzz for 'The Hunger Games.'""The Hunger Games," starring Jennifer Lawrence, opens March 23. Lionsgate Boss Jon Feltheimer introduced last Friday throughout an analyst call the trailer for that fifth "Twilight" film is going to be mounted on "Hunger Games" which the 2 franchises will generate "highly visible" cash flows in future years.Feltheimer also stated that total sales from the Suzanne Collins' book trilogy have become by 7.5% throughout yesteryear quarter to 23.5 million. Lionsgate intends to open "Catching Fire," in line with the second "Hunger Games" title, in November 2013. Contact Dork McNary at dork.mcnary@variety.com