Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cinemark Holdings Inc shares valued at $460,944 were sold by Thomas Melissa on Dec 16 ’24. At $32.01 per share, Thomas Melissa sold 14,400 shares. The insider’s holdings dropped to 238,494 shares worth approximately $7.76 million following the completion of this transaction.
Also, Thomas Melissa purchased 14,400 shares, netting a total of over 460,992 in proceeds.
Before that, Gamble Sean had sold 127,672 shares from its account. In a trade valued at $4,449,369, the Chief Executive Officer traded Cinemark Holdings Inc shares for $34.85 each. Upon closing the transaction, the insider’s holdings decreased to 127,672 shares, worth approximately $21.3 million.
As published in a research note from Wedbush on November 01, 2024, Cinemark Holdings Inc [CNK] has been rated down from an Outperform to a Neutral and the price target has been revised to $32. Analysts at Barrington Research upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of August 28, 2024, Barrington Research has decreased its “an Outperform” rating to a “Mkt perform” for CNK. Earlier on August 27, 2024, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for CNK stock which previously was a “a Buy”.
Analyzing CNK Stock Performance
During the last five days, there has been a surge of approximately 5.00%. Over the course of the year, Cinemark Holdings Inc shares have jumped approximately 4.97%. Shares of the company reached a 52-week high of $32.57 on 02/13/25 and a 52-week low of $28.32 on 02/03/25. A 50-day SMA is recorded $31.04, while a 200-day SMA reached $26.25. Nevertheless, trading volume fell to 3.46 million shares from 1.73 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 31.96, which, if violated, would cause prices to drop to 31.39. In the upper region, resistance lies at 32.83. The next price resistance is at 33.13. RSI (Relative Strength Index) is 72.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.75, which suggests the price will increase in the coming days. Percent R is at 1.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
