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 $2,026 were sold by Ng Ronnie Y. on Sep 27 ’24. At $7.16 per share, Ng Ronnie Y. sold 283 shares. The insider’s holdings dropped to 12,245 shares worth approximately $83878.25 following the completion of this transaction.
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Also, Woods Maria VG sold 510 shares, netting a total of over 3,453 in proceeds. Following the sale of shares at $6.77 each, the insider now holds 13,229 shares.
Before that, Lesinski Thomas F. had sold 4,388 shares from its account. In a trade valued at $22,993, the Chief Executive Officer traded National Cinemedia Inc shares for $5.24 each. Upon closing the transaction, the insider’s holdings decreased to 4,388 shares, worth approximately $0.59 million.
As published in a research note from The Benchmark Company on August 15, 2024, National Cinemedia Inc [NCMI] has been rated up from a Speculative buy to a Buy and the price target has been revised to $8. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid March. Earlier on January 03, 2023, 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 -8.05%. Over the course of the year, National Cinemedia Inc shares have jumped approximately 65.46%. Shares of the company reached a 52-week high of $7.60 on 12/12/24 and a 52-week low of $3.65 on 02/06/24. A 50-day SMA is recorded $6.95, while a 200-day SMA reached $5.80. Nevertheless, trading volume fell to 0.67 million shares from 0.77 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 6.69, which, if violated, would cause prices to drop to 6.53. In the upper region, resistance lies at 7.09. The next price resistance is at 7.33. RSI (Relative Strength Index) is 43.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 90.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of National Cinemedia Inc (NCMI)?
On October 12, 2022, B. Riley Securities assigned a price target of “a Neutral” to the stock and reiterated coverage with a $0.50.
