Cinemark Holdings Inc [CNK] Stock sold by Insider Gierhart Wanda Marie for $0.33 million

Cinemark Holdings Inc’s filing revealed that its Chief Marketing & Content Ofc Gierhart Wanda Marie unloaded Company’s shares for reported $0.33 million on Feb 28 ’24. In the deal valued at $16.75 per share,19,593 shares were sold. As a result of this transaction, Gierhart Wanda Marie now holds 179,591 shares worth roughly $3.31 million.

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B. Riley Securities downgraded its Cinemark Holdings Inc [CNK] rating to a Neutral from a a Buy in a research note published on January 02, 2024; the price target was decreased to $15 from $23. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Equal weight” to “an Underweight”. ROTH MKM also remained covering CNK and reiterated its “Neutral” recommendation on December 05, 2023. JP Morgan revised its rating on July 19, 2023. It rated CNK as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of CNK

On Tuesday, Cinemark Holdings Inc [NYSE:CNK] saw its stock fall -0.16% to $18.43. Over the last five days, the stock has gained 3.95%. Cinemark Holdings Inc shares have risen nearly 30.80% since the year began. Nevertheless, the stocks have risen 27.81% over the past one year. While a 52-week high of $19.85 was reached on 03/14/24, a 52-week low of $13.19 was recorded on 01/16/24. SMA at 50 days reached $16.39, while 200 days put it at $16.07. A total of 1.89 million shares were traded, compared to the trading of 2.56 million shares in the previous session.

Levels Of Support And Resistance For CNK Stock

The 24-hour chart illustrates a support level at 18.13, which if violated will result in even more drops to 17.82. On the upside, there is a resistance level at 18.69. A further resistance level may holdings at 18.95. The Relative Strength Index (RSI) on the 14-day chart is 62.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.17%. Stochastics %K at 49.74% indicates the stock is a holding.

How much short interest is there in Cinemark Holdings Inc?

A steep rise in short interest was recorded in Cinemark Holdings Inc stocks on Mar 15, 2024, growing by 0.19 million shares to a total of 27.07 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 26.88 million shares. There was a rise of 0.7%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 36.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.31.

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