Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. National Cinemedia Inc shares valued at $17,564 were sold by Felenstein Scott D on Feb 26 ’24. At $4.26 per share, Felenstein Scott D sold 4,126 shares. The insider’s holdings dropped to 35,301 shares worth approximately $0.18 million following the completion of this transaction.
Also, Woods Maria VG sold 1,517 shares, netting a total of over 6,458 in proceeds. Following the sale of shares at $4.26 each, the insider now holds 12,100 shares.
Before that, Ng Ronnie Y. had sold 1,275 shares from its account. In a trade valued at $5,428, the Chief Financial Officer traded National Cinemedia Inc shares for $4.26 each. Upon closing the transaction, the insider’s holdings decreased to 1,275 shares, worth approximately $59883.04.
As published in a research note from B. Riley Securities on March 19, 2024, National Cinemedia Inc [NCMI] has been rated up from a Neutral to a Buy and the price target has been revised to $6.75 from $4.50. As of January 03, 2023, B. Riley Securities has reiterated its “Neutral” rating for NCMI. Earlier on October 12, 2022, B. Riley Securities resumed its rating. Their recommendation was “a Neutral” for NCMI stock.
Analyzing NCMI Stock Performance
During the last five days, there has been a drop of approximately -6.62%. Over the course of the year, National Cinemedia Inc shares have jumped approximately 22.71%. Shares of the company reached a 52-week high of $5.75 on 03/25/24 and a 52-week low of $3.65 on 02/06/24. A 50-day SMA is recorded $4.45, while a 200-day SMA reached $4.12. Nevertheless, trading volume fell to 1.16 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for National Cinemedia Inc (NCMI)
According to the 24-hour chart, there is a support level at 4.89, which, if violated, would cause prices to drop to 4.71. In the upper region, resistance lies at 5.19. The next price resistance is at 5.30. RSI (Relative Strength Index) is 54.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 72.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is National Cinemedia Inc subject to short interest?
Stocks of National Cinemedia Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.56 million shares to 4.01 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.45 million shares. A jump of 13.97% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.83 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.83.
Which companies own the most shares of National Cinemedia Inc (NCMI)?
On June 21, 2022, B. Riley Securities assigned a price target of “a Neutral” to the stock and downgraded coverage with a $1.50.
