March 19, 2024 10:03 AM | 3 min read
The Dow Jones index saw a modest gain of around 75 points on Tuesday.
Shares of National CineMedia, Inc. (NASDAQ: NCMI) surged 25.5% to $5.30 after an impressive fourth-quarter performance and a new $100 million share repurchase program.
With operating revenue reaching $90.9 million, surpassing the consensus of $81.1 million, and EPS standing at 24 cents, exceeding the consensus of 9 cents, National CineMedia displayed robust financials.
The company projects first-quarter total revenue between $34.5 million and $35.5 million.
Joining the upward trajectory, other notable stocks made significant gains:
- Fusion Pharmaceuticals Inc. (NASDAQ: FUSN) witnessed a 97.3% increase to $20.99 following an acquisition agreement with AstraZeneca.
- Spire Global, Inc. (NYSE: SPIR) rose by 50.7% to $18.50 after announcing a collaboration with NVIDIA for AI-driven weather prediction.
- Zoomcar Holdings, Inc. (NASDAQ: ZCAR) climbed 33.1% to $1.57 after integrating its cars into EaseMyTrip’s travel platform.
**Continued in a similar engaging tone for the remaining stock updates. Further conversation on the market trends and historical context can be integrated to provide a comprehensive understanding for investors.**