In this article:
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the rise in stock for National CineMedia.
Video Transcript
JULIE HYMAN: And let's go to a trending ticker now. Shares of National Cinemedia sky rocketing after-- skyrocketing, I should say, after AMC Entertainment disclosed its stake in the cinema-advertising platform. It's penny stock here, still going up a lot, and it's only $0.23. AMC revealed a roughly 9% stake in National Cinemedia, placing AMC as the second-largest shareholder trailing behind movie-theater operator Cinemark. So a 73% gain. I have a feeling some of the investors there are the APEs love AMC.
