Cinemark Holdings Inc’s recent filing unveils 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 $3.2 million.
Wells Fargo upgraded its Cinemark Holdings Inc [CNK] rating to an Overweight from a an Underweight in a research note published on April 05, 2024; the price target was increased to $23 from $13. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Wells Fargo also remained covering CNK and has decreased its forecast on December 20, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. ROTH MKM maintained its rating on December 05, 2023. It rated CNK as “a Neutral”.
Price Performance Review of CNK
On Tuesday, Cinemark Holdings Inc [NYSE:CNK] saw its stock fall -0.17% to $17.83. Over the last five days, the stock has lost -1.65%. Cinemark Holdings Inc shares have risen nearly 26.54% since the year began. Nevertheless, the stocks have risen 8.19% over the past one year. While a 52-week high of $20.40 was reached on 04/05/24, a 52-week low of $13.19 was recorded on 01/16/24. SMA at 50 days reached $17.64, while 200 days put it at $16.22. A total of 2.31 million shares were traded, compared to the trading of 3.66 million shares in the previous session.
Levels Of Support And Resistance For CNK Stock
The 24-hour chart illustrates a support level at 17.64, which if violated will result in even more drops to 17.44. On the upside, there is a resistance level at 18.14. A further resistance level may holdings at 18.44. The Relative Strength Index (RSI) on the 14-day chart is 47.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.12%. Stochastics %K at 11.96% indicates the stock is a buying.
