Investors who drove Lionsgate shares up 6.5% on Friday in hopes that Blair Witch would exceed their expectations are feeling bewitched today. The studio’s shares are down 4.7% in midday trading following the horror film’s disappointing $9.7 million domestic box office sales in its opening weekend.
The conventional wisdom anticipated that the low-budget film ultimately would see $33 million in domestic sales. Many became excited on Friday when Pacific Crest Securities…![]()
