- National CineMedia, Inc (NASDAQ:NCMI) shares gained premarket today after it disclosed AMC Entertainment Holdings, Inc (NYSE:AMC) holding a 9.1% stake in the company.
- An April 10 filing disclosed AMC holding 16.5 million shares in National CineMedia.
- In May 2022, a filing disclosed that AMC has a 6.8% ownership stake in National CineMedia.
- National CineMedia (NCM) is America’s Movie Network.
- Also Read: AMC Britain Rival Cineworld Files Restructuring Plan in Bankruptcy Court, Shareholders to be Wiped Out
- Price Action: NCMI shares traded higher by 114.2% at $0.2849 premarket on the last check Tuesday.
Rosenblatt Maintains Neutral on Snap, Lowers Price Target to $8
Rosenblatt analyst Barton Crockett maintains Snap (NYSE:SNAP) with a Neutral and lowers the price target from $13 to $8.
