NCMI - JOE MARCHESE Boosts Confidence With $50K Purchase Of National CineMedia Stock | Benzinga
A notable insider purchase on March 28, was reported by JOE MARCHESE, Board Member at National CineMedia (NASDAQ:NCMI), based on the most recent SEC filing.
What Happened: MARCHESE made a significant move by purchasing 10,627 shares of National CineMedia as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $50,000.
Tracking the Friday's morning session, National CineMedia shares are trading at $5.15, showing a up of 1.78%.
Delving into National CineMedia's Background
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.
Key Indicators: National CineMedia's Financial Health
Negative Revenue Trend: Examining National CineMedia's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -0.98% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Communication ...