National Cinemedia Inc’s filing revealed that its 10% Owner Blantyre Capital Ltd acquired Company’s shares for reported $1.54 million on Mar 07 ’25. In the deal valued at $5.12 per share,300,000 shares were bought. As a result of this transaction, Blantyre Capital Ltd now holds 10,250,721 shares worth roughly $60.99 million.
Then, Blantyre Capital Ltd bought 103,685 shares, generating $537,088 in total proceeds. Upon buying the shares at $5.18, the 10% Owner now owns 10,310,433 shares.
Before that, Blantyre Capital Ltd bought 76,605 shares. National Cinemedia Inc shares valued at $407,539 were divested by the 10% Owner at a price of $5.32 per share. As a result of the transaction, Blantyre Capital Ltd now holds 10,354,550 shares, worth roughly $61.61 million.
Wedbush upgraded its National Cinemedia Inc [NCMI] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in mid August from “a Speculative buy” to “a Buy”. B. Riley Securities also remained covering NCMI and has increased its forecast on March 19, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of NCMI
On Friday, National Cinemedia Inc [NASDAQ:NCMI] saw its stock jump 4.20% to $5.95. Over the last five days, the stock has gained 13.98%. National Cinemedia Inc shares have fallen nearly -10.39% since the year began. Nevertheless, the stocks have risen 53.75% over the past one year. While a 52-week high of $7.60 was reached on 02/14/25, a 52-week low of $4.03 was recorded on 03/07/25. SMA at 50 days reached $6.54, while 200 days put it at $6.31.
Levels Of Support And Resistance For NCMI Stock
The 24-hour chart illustrates a support level at 5.80, which if violated will result in even more drops to 5.65. On the upside, there is a resistance level at 6.10. A further resistance level may holdings at 6.25. The Relative Strength Index (RSI) on the 14-day chart is 43.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.47%. Stochastics %K at 46.95% indicates the stock is a holding.
How much short interest is there in National Cinemedia Inc?
A steep rise in short interest was recorded in National Cinemedia Inc stocks on 2025-02-28, growing by 0.52 million shares to a total of 4.58 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.06 million shares. There was a rise of 11.41%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 03, 2023 when B. Riley Securities resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $0.25.
