National Cinemedia Inc’s filing revealed that its EVP – General Counsel Woods Maria VG unloaded Company’s shares for reported $0.15 million on Dec 26 ’24. In the deal valued at $6.51 per share,23,742 shares were sold. As a result of this transaction, Woods Maria VG now holds 66,987 shares worth roughly $0.43 million.
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Then, Sullivan Catherine sold 7,332 shares, generating $47,713 in total proceeds. Upon selling the shares at $6.51, the President – Sales & Marketing now owns 11,753 shares.
Before that, Ng Ronnie Y. sold 71,218 shares. National Cinemedia Inc shares valued at $463,451 were divested by the Chief Financial Officer at a price of $6.51 per share. As a result of the transaction, Ng Ronnie Y. now holds 96,027 shares, worth roughly $0.62 million.
The Benchmark Company upgraded its National Cinemedia Inc [NCMI] rating to a Buy from a a Speculative buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. B. Riley Securities maintained its rating on January 03, 2023. It rated NCMI as “a Neutral”.
Price Performance Review of NCMI
On Monday, National Cinemedia Inc [NASDAQ:NCMI] saw its stock fall -2.12% to $6.47. Over the last five days, the stock has lost -3.72%. National Cinemedia Inc shares have risen nearly 56.28% since the year began. Nevertheless, the stocks have risen 49.77% over the past one year. While a 52-week high of $7.60 was reached on 12/12/24, a 52-week low of $3.65 was recorded on 02/06/24. SMA at 50 days reached $6.93, while 200 days put it at $5.89.
Levels Of Support And Resistance For NCMI Stock
The 24-hour chart illustrates a support level at 6.36, which if violated will result in even more drops to 6.25. On the upside, there is a resistance level at 6.57. A further resistance level may holdings at 6.67. The Relative Strength Index (RSI) on the 14-day chart is 37.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.40%. Stochastics %K at 14.81% indicates the stock is a buying.
How much short interest is there in National Cinemedia Inc?
A steep rise in short interest was recorded in National Cinemedia Inc stocks on 2024-12-13, dropping by -0.94 million shares to a total of 4.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.44 million shares. There was a decline of -20.76%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 12, 2022 when B. Riley Securities resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $0.50.
