NCM has fallen -29% in 2022, significantly underperforming NST in the process. The stock looks poised to test the $20 region but it hasn’t demonstrated the strength to compel us to increase our holding in the Flagship Growth Portfolio.
- We believe NCM is set to rally towards the $20 area but MM is likely to reduce our position if such a move unfolds.
MM is bullish NCM looking for a 15-20% advance
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