NCMI Stock Recent News
NCMI LATEST HEADLINES
Shares of National CineMedia Inc. NCMI, +1.17% fell 1.3% in midday trading Thursday, after the cinema advertising company declared a 1-for-10 reverse stock split, which will take effect at the Aug. 4 open. The company expects the split to allow it to regain compliance with the Nasdaq's $1 minimum average closing price requirement.
National CineMedia LLC said on Tuesday it would emerge from Chapter 11 on or around August or September as its reorganization plan has been confirmed by the U.S. Bankruptcy Court for Southern District of Texas.
Big cinema advertising platform National CineMedia said today its plan of reorganization has been confirmed by a judge in United States Bankruptcy Court for the Southern District of Texas. The company filed for Chapter 11 in April. It now expects to emerge in August or September.
In-theater advertising firm National CineMedia announced a special shareholders meeting to vote on a reverse stock split — a move that boosts the price of a company's shares — as it risks being delisted by the Nasdaq market and works through a voluntary Chapter 11 reorganization.
National CineMedia (NASDAQ: NCMI ) stock is sliding on Monday after the company received a delisting warning from the Nasdaq Exchange. That delisting notice is connected to the company's recent bankruptcy filing last week.
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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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