LionsGate (LGF) Stock Returns 'Divergent' Gains on Tuesday

NEW YORK (TheStreet) -- After climbing over Monday's session, LionsGate (LGF) is returning those gains on heavier-than-normal trading volume.

By midafternoon Tuesday, shares had tumbled 6.1% to $26.90. Trading volume of 3.6 million shares had surpassed its three-month daily average of 2.3 million.

The production company moved nearly 4% higher on Monday after Divergent, its film based on the bestselling young-adult trilogy by Veronica Roth, dominated the weekend box office.

WATCH: Divergent Emerges As Weekend Box Office Champion

The movie starring Shailene Woodley generated $56 million in domestic ticket sales over the weekend, in line with forecasts for between $50 million and $68 million for its opening weekend at U.S. and Canadian theaters.

The next in the franchise, Insurgent, is slated for a March 2015 release.

Must Read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates LIONS GATE ENTERTAINMENT CP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate LIONS GATE ENTERTAINMENT CP (LGF) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

If you liked this article you might like

The Dow, Google and Avis - 5 Things You Must Know Before the Market Opens Tuesday

The Retail Apocalypse Is About to Descend on Wall Street This Coming Week

Hasbro Ends Talks to Acquire Lionsgate