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Analyzing National Cinemedia Inc (NCMI) After Recent Trading Activity

In a filing, National Cinemedia Inc revealed its President – Sales & Marketing Felenstein Scott D unloaded Company’s shares for reported $17564.0 on Feb 26 ’24. In the deal valued at $4.26 per share,4,126 shares were sold. As a result of this transaction, Felenstein Scott D now holds 35,301 shares worth roughly $0.15 million.

Then, Woods Maria VG sold 1,517 shares, generating $6,458 in total proceeds. Upon selling the shares at $4.26, the EVP, General Counsel now owns 12,100 shares.

Before that, Ng Ronnie Y. sold 1,275 shares. National Cinemedia Inc shares valued at $5,428 were divested by the Chief Financial Officer at a price of $4.26 per share. As a result of the transaction, Ng Ronnie Y. now holds 11,788 shares, worth roughly $50452.64.

B. Riley Securities upgraded its National Cinemedia Inc [NCMI] rating to a Buy from a a Neutral in a research note published on March 19, 2024; the price target was increased to $6.75 from $4.50. B. Riley Securities also remained covering NCMI and reiterated its “Neutral” recommendation on January 03, 2023. B. Riley Securities maintained its rating on October 12, 2022. It rated NCMI as “a Neutral”.

Price Performance Review of NCMI

On Tuesday, National Cinemedia Inc [NASDAQ:NCMI] saw its stock fall -2.51% to $4.28. Over the last five days, the stock has lost -8.15%. National Cinemedia Inc shares have risen nearly 3.38% since the year began. Nevertheless, the stocks have risen 44.11% over the past one year. While a 52-week high of $5.75 was reached on 03/25/24, a 52-week low of $2.50 was recorded on 02/06/24. SMA at 50 days reached $4.61, while 200 days put it at $4.19. A total of 0.37 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For NCMI Stock

The 24-hour chart illustrates a support level at 4.23, which if violated will result in even more drops to 4.17. On the upside, there is a resistance level at 4.37. A further resistance level may holdings at 4.45. The Relative Strength Index (RSI) on the 14-day chart is 37.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.66%. Stochastics %K at 8.91% indicates the stock is a buying.

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