Why National CineMedia Inc. Stock Jumped 12% Today
Shares of National CineMedia (NASDAQ: NCMI) jumped higher on Thursday, trading more than 12% above Wednesday's closing prices at the close.
The jump repaired some of the damage shares took during Wednesday's trading session, when the company's majority owner, AMC Entertainment Holdings (NYSE: AMC) , dragged the stock down by posting a disappointing slate of preliminary second-quarter results. After the closing bell, though, National CineMedia soothed its investors' rattled nerves with a fresh dividend announcement. All told, after the plunge and the bounce, National CineMedia shares are trading roughly 8% below Tuesday night's prices.
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Source: Fool.com
