Cinemark Holdings Inc’s recently made public that its Pr – Cinemark International Fernandes Valmir unloaded Company’s shares for reported $0.68 million on Aug 19 ’24. In the deal valued at $27.19 per share,25,000 shares were sold. As a result of this transaction, Fernandes Valmir now holds 204,729 shares worth roughly $5.52 million.
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Then, Fernandes Valmir bought 25,000 shares, generating $679,878 in total proceeds.
Before that, Gierhart Wanda Marie sold 19,593 shares. Cinemark Holdings Inc shares valued at $328,183 were divested by the Chief Marketing & Content Ofc at a price of $16.75 per share. As a result of the transaction, Gierhart Wanda Marie now holds 179,591 shares, worth roughly $4.84 million.
Barrington Research downgraded its Cinemark Holdings Inc [CNK] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. Barrington Research also remained covering CNK and reiterated its “an Outperform” recommendation on August 05, 2024. B. Riley Securities revised its rating on July 08, 2024. It rated CNK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CNK
On Monday, Cinemark Holdings Inc [NYSE:CNK] saw its stock jump 0.78% to $26.97. Over the last five days, the stock has lost -3.13%. Cinemark Holdings Inc shares have risen nearly 91.41% since the year began. Nevertheless, the stocks have risen 44.38% over the past one year. While a 52-week high of $29.07 was reached on 09/10/24, a 52-week low of $13.19 was recorded on 01/16/24. SMA at 50 days reached $27.06, while 200 days put it at $19.82.
Levels Of Support And Resistance For CNK Stock
The 24-hour chart illustrates a support level at 26.52, which if violated will result in even more drops to 26.07. On the upside, there is a resistance level at 27.28. A further resistance level may holdings at 27.59. The Relative Strength Index (RSI) on the 14-day chart is 45.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.35%. Stochastics %K at 19.58% indicates the stock is a buying.
How much short interest is there in Cinemark Holdings Inc?
A steep rise in short interest was recorded in Cinemark Holdings Inc stocks on 2024-09-13, dropping by -2.93 million shares to a total of 20.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 23.65 million shares. There was a decline of -14.12%, which implies that there is a negative sentiment for the stock.
