The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cinemark Holdings Inc shares valued at $246,213 were sold by Gierhart Wanda Marie on Feb 25 ’25. At $27.00 per share, Gierhart Wanda Marie sold 9,119 shares. The insider’s holdings dropped to 147,414 shares worth approximately $3.78 million following the completion of this transaction.
Also, Gierhart Wanda Marie purchased 9,119 shares, netting a total of over 246,213 in proceeds.
Before that, Thomas Melissa had sold 14,400 shares from its account. In a trade valued at $460,944, the EVP, Chief Financial Officer traded Cinemark Holdings Inc shares for $32.01 each. Upon closing the transaction, the insider’s holdings decreased to 14,400 shares, worth approximately $6.12 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 drop of approximately -7.63%. Over the course of the year, Cinemark Holdings Inc shares have dropped approximately -17.14%. Shares of the company reached a 52-week high of $33.38 on 02/18/25 and a 52-week low of $25.44 on 02/27/25. A 50-day SMA is recorded $29.92, while a 200-day SMA reached $26.75. Nevertheless, trading volume fell to 2.58 million shares from 6.85 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 25.33, which, if violated, would cause prices to drop to 24.98. In the upper region, resistance lies at 26.13. The next price resistance is at 26.59. RSI (Relative Strength Index) is 26.71 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.37, which suggests the price will decrease in the coming days. Percent R is at 97.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
