Wednesday, September 20, 2017 10:15 PM ET
Insider Sale at National CineMedia (NCMI) Deemed Significant
There was a substantial sale of shares of National CineMedia by an insider today, as indicated in a form 4 document filed with the SEC. One insider — American Multi-Cinema Inc, 10% Owner — disposed of 12,000,000 shares in the company having a market value of approximately $73,080,000. This is the first insider buy/sell trade in the past 90 days.
Insider buy/sell trading at National CineMedia is greater than the 3 peer company average over the last 90-day period. The Advertising Agency peer group saw 1 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for National CineMedia insiders was also higher. Within the peer group there were 654 shares purchased and 0 shares sold with company insiders having bought 654 shares on average.
The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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