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While bankruptcy conjures images of failure, for certain enterprises, it may be an opportunity to refocus and streamline operations.
National CineMedia (NASDAQ: NCMI ) stock is on the move Friday as the movie theater ad company's shares continue to see wild swings this week. The erratic swings NCMI stock has been through this week come from a couple of pieces of news.
Shares of National CineMedia Inc. NCMI were on track to extend their post-bankruptcy rocket-ride higher, with a 13.8% climb in Thursday's premarket. Trading volume was 17.7 million shares, making the in-theater advertising company's stock the most actively traded ahead of the open.
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Shares of National CineMedia Inc. have more than quadrupled in two days, as Wall Street appeared to shrug off the in-theater advertising company's bankruptcy filing, and focused instead on the upbeat revenue outlook.
National CineMedia (NASDAQ: NCMI ) stock is on a wild ride Wednesday morning as investors react to restructuring news. Shares of NCMI stock started to fall in after-market trading after the company revealed a voluntary Chapter 11 filing.
National CineMedia Inc., the nation's largest movie-theater advertising network, filed for Chapter 11 bankruptcy late Tuesday.
The nation's biggest movie theater advertising network National CineMedia said tonight it's filed a voluntary Chapter 11 petition in U.S. District Court in the Southern District of Texas – where one of its biggest shareholders and customers, Regal parent Cineworld, has just presented a restructuring plan to emerge from bankruptcy itself.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the rise in stock for National CineMedia.