National Cinemedia, Inc. (NCMI): Clifford E Marks , President of National Cinemedia, Inc. sold 1,014 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $15.00 per share for a total value of $15,210.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Paula Williams Madison (director) sold 7,468 shares at $14.66 per share price.On Mar 2, 2016, Scott N Schneider (director) sold 13,500 shares at $15.19 per share price.Also, On Jan 23, 2015, Clifford E Marks (President of Sales & Marketing) sold 4,867 shares at $15.01 per share price.
National CineMedia: On Tuesday, Jun 21, 2016 heightened volatility was witnessed in National CineMedia which led to swings in the share price. The shares opened for trading at $14.72 and hit $14.96 on the upside , eventually ending the session at $14.9, with a gain of 1.09% or 0.16 points. The heightened volatility saw the trading volume jump to 1,31,800 shares. The 52-week high of the share price is $16.68 and the company has a market cap of $930 M . The 52-week low of the share price is at $11.97.
Company has been under the radar of several Street Analysts.National CineMedia is Reiterated by The Benchmark Company to Buy while Lowering the Price Target of the company shares to $ 18.76 from a previous price target of $19.77 . The Rating was issued on May 6, 2016.
National CineMedia Inc. (NCM Inc.) is a holding company that manages its consolidated subsidiary National CineMedia LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America through which it sells in-theatre and online advertising and promotions. The Company’s advertising and entertainment pre-show called FirstLook lobby entertainment network (LEN) programming and Fathom Events are distributed across its digital content network (DCN) utilizing its digital content software (DCS). NCM Inc. has no business operations or material assets other than its cash and ownership interest of approximately 45.8% of the common membership units in NCM LLC as of January 1 2015. The Company also sells advertising programming on other forms of advertising and promotions in theatre lobbies and across its online network and a mobile app called Movie Night Out.