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Maria VG Woods, Executive Vice President and General Counsel at National CineMedia, Inc. (NASDAQ:NCMI), recently sold 23,742 shares of the company's common stock. The transaction, which took place on December 26, 2024, was executed at an average price of $6.5075 per share, amounting to a total of $154,501. The sale comes as NCMI's stock has shown remarkable strength, delivering a 59.66% return over the past year. According to InvestingPro analysis, the company maintains a GOOD overall financial health score, with the stock currently showing signs of being slightly undervalued.
Additionally, Woods acquired 77,500 shares of common stock upon the vesting of restricted stock units. This acquisition was made at no cost, as per the terms of the award agreement. Following these transactions, Woods holds 66,987 shares of National CineMedia directly. With a market capitalization of $610.78 million and notably volatile stock price movements, investors seeking deeper insights can access comprehensive analysis and 8 additional key ProTips through InvestingPro's detailed research reports.
In other recent news, National CineMedia reported a total revenue of $62.4 million in its third quarter of 2024, surpassing the projected range of $56 million to $58 million. The company's adjusted OIBDA also exceeded expectations, landing at $8.8 million, which was above the anticipated $6 million to $8 million range. Despite a 10% year-over-year decline in revenue due to a mix of G and PG-rated films impacting attendance, the company's innovative advertising platforms and initiatives have shown promising results. National CineMedia's self-serve advertising solution saw a 96% sales increase quarter-over-quarter. Looking ahead, the company forecasts Q4 2024 revenue between $82 million and $86 million, with an adjusted OIBDA of $28 million to $30 million. They plan to expand their programmatic and self-serve offerings and remain open to strategic M&A opportunities. These are among the recent developments for National CineMedia.
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