NCMI - Director Of National CineMedia Purchased $50K In Stock | Benzinga
In a recent SEC filing, it was revealed that Nicholas Bell, Director at National CineMedia (NASDAQ:NCMI), made a noteworthy insider purchase on March 28,.
What Happened: Bell demonstrated confidence in National CineMedia by purchasing 10,627 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the transaction is $50,000.
National CineMedia's shares are actively trading at $5.15, experiencing a up of 1.78% during Friday's morning session.
About National CineMedia
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
Breaking Down National CineMedia's Financial Performance
Decline in Revenue: Over the 3 months period, National CineMedia faced challenges, resulting in a decline of approximately -0.98% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Communication ...