Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cinemark Holdings Inc shares valued at $679,750 were sold by Fernandes Valmir on Aug 19 ’24. At $27.19 per share, Fernandes Valmir sold 25,000 shares. The insider’s holdings dropped to 204,729 shares worth approximately $5.86 million following the completion of this transaction.
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Also, Fernandes Valmir purchased 25,000 shares, netting a total of over 679,878 in proceeds.
Before that, Gierhart Wanda Marie had sold 19,593 shares from its account. In a trade valued at $328,183, the Chief Marketing & Content Ofc traded Cinemark Holdings Inc shares for $16.75 each. Upon closing the transaction, the insider’s holdings decreased to 19,593 shares, worth approximately $5.14 million.
As published in a research note from Barrington Research on August 28, 2024, Cinemark Holdings Inc [CNK] has been rated down from an Outperform to a Mkt perform. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of August 05, 2024, Barrington Research has reiterated its “an Outperform” rating for CNK. Earlier on July 08, 2024, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for CNK stock which previously was a “a Neutral”.
Analyzing CNK Stock Performance
During the last five days, there has been a surge of approximately 7.27%. Over the course of the year, Cinemark Holdings Inc shares have jumped approximately 103.19%. Shares of the company reached a 52-week high of $29.15 on 10/10/24 and a 52-week low of $13.19 on 01/16/24. A 50-day SMA is recorded $27.33, while a 200-day SMA reached $20.03. Nevertheless, trading volume fell to 2.89 million shares from 1.98 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 27.64, which, if violated, would cause prices to drop to 26.64. In the upper region, resistance lies at 29.39. The next price resistance is at 30.15. RSI (Relative Strength Index) is 62.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 18.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
