Why National Cinemedia Stock Was Soaring Today

Why National Cinemedia Stock Was Soaring Today

Shares of National Cinemedia (NASDAQ: NCMI) jumped today after the operator of a movie theater advertising network got an analyst upgrade, sparking a wave of bullishness on the beaten-down cinema play. As of 2:58 p.m. EDT, the stock was up 29.4%. Barrington analyst James Goss lifted his rating from neutral to outperform on the cinema advertising company and gave it a price target of $5.50, up about 50% from where the stock closed yesterday.