Cinemark Holdings Inc’s recent filing unveils that its Pr – Cinemark International Fernandes Valmir unloaded Company’s shares for reported $0.82 million on Nov 12 ’24. In the deal valued at $32.68 per share,25,000 shares were sold. As a result of this transaction, Fernandes Valmir now holds 179,729 shares worth roughly $6.01 million.
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Then, Fernandes Valmir bought 25,000 shares, generating $816,942 in total proceeds.
Before that, Fernandes Valmir sold 25,000 shares. Cinemark Holdings Inc shares valued at $679,750 were divested by the Pr – Cinemark International at a price of $27.19 per share. As a result of the transaction, Fernandes Valmir now holds 204,729 shares, worth roughly $6.85 million.
Wedbush downgraded its Cinemark Holdings Inc [CNK] rating to a Neutral from a an Outperform in a research note published on A number of analysts have revised their coverage, including Barrington Research’s analysts, who increased its forecast for the stock in late October from “a Mkt perform” to “an Outperform”. Barrington Research also remained covering CNK and has decreased its forecast on August 28, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on August 27, 2024. It rated CNK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CNK
On Tuesday, Cinemark Holdings Inc [NYSE:CNK] saw its stock jump 4.56% to $33.45. Over the last five days, the stock has gained 2.17%. Cinemark Holdings Inc shares have risen nearly 137.40% since the year began. Nevertheless, the stocks have risen 132.29% over the past one year. While a 52-week high of $33.11 was reached on 11/19/24, a 52-week low of $13.19 was recorded on 01/16/24. SMA at 50 days reached $29.12, while 200 days put it at $22.30.
Levels Of Support And Resistance For CNK Stock
The 24-hour chart illustrates a support level at 32.18, which if violated will result in even more drops to 30.90. On the upside, there is a resistance level at 34.09. A further resistance level may holdings at 34.72. The Relative Strength Index (RSI) on the 14-day chart is 73.23, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 82.94% indicates the stock is a selling.
How much short interest is there in Cinemark Holdings Inc?
A steep rise in short interest was recorded in Cinemark Holdings Inc stocks on 2024-10-31, growing by 1.96 million shares to a total of 23.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 21.4 million shares. There was a rise of 8.38%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 05, 2024 when Barrington Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $28.
