Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cinemark Holdings Inc shares valued at $328,183 were sold by Gierhart Wanda Marie on Feb 28 ’24. At $16.75 per share, Gierhart Wanda Marie sold 19,593 shares. The insider’s holdings dropped to 179,591 shares worth approximately $3.26 million following the completion of this transaction.
As published in a research note from Wells Fargo on April 05, 2024, Cinemark Holdings Inc [CNK] has been rated up from an Underweight to an Overweight and the price target has been revised to $23 from $13. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 20, 2023, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for CNK. Earlier on December 05, 2023, ROTH MKM resumed its rating. Their recommendation was “a Neutral” for CNK stock.
Analyzing CNK Stock Performance
During the last five days, there has been a drop of approximately -1.89%. Over the course of the year, Cinemark Holdings Inc shares have jumped approximately 28.67%. Shares of the company reached a 52-week high of $20.40 on 04/05/24 and a 52-week low of $13.19 on 01/16/24. A 50-day SMA is recorded $17.37, while a 200-day SMA reached $16.18. Nevertheless, trading volume fell to 1.74 million shares from 2.43 million shares the previous day.
Support And Resistance Levels for Cinemark Holdings Inc (CNK)
According to the 24-hour chart, there is a support level at 17.88, which, if violated, would cause prices to drop to 17.63. In the upper region, resistance lies at 18.48. The next price resistance is at 18.84. RSI (Relative Strength Index) is 51.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 82.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
