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Stock Market & Financial Investment News

News Breaks
May 6, 2014
07:31 EDTNCMI, CKECCarmike Cinemas value unlocked from Screenvision merger, says Piper Jaffray
Piper Jaffray believes National CineMedia's (NCMI) acquisition of Screenvision unlocks the "hidden value" of the 19% Screenvision stake owned by Carmike Cinemas (CKEC) worth an estimated $71M or $3 per share. In addition, Piper thinks the combined company will contribute to greater profitability to Carmike. It keeps an Overweight rating on the stock with a $35 price target.
News For CKEC;NCMI From The Last 14 Days
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December 17, 2014
17:37 EDTCKECCarmike Cinemas delays exhibition of "The Interview" due to Sony cyber-attack
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14:36 EDTCKECCarmike Cinemas rallies, remains in longer-term downtrend
The stock is rallying, last up 3% to $25.66. At that price the stock is still within the downtrend channel that began to develop late in November. It would need to break above the $26.50 level to breach the top of the channel. Support is at $25.33.
06:07 EDTCKECCarmike Cinemas pulls screenings of Sony's "The Interview," AP reports
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December 16, 2014
07:52 EDTCKECCarmike Cinemas sell-off overdone, says B. Riley
B. Riley said the sell-off in Carmike has been excessive and views valuation as attractive ahead of the 2015 film slate and catalysts. Shares are Buy rated with a $40 price target.

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