Cinemark Holdings Inc (CNK) Shares are Up 1.88%

Cinemark Holdings Inc (CNK) has been under a strong bear grip, hence the stock is down -0.23% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.82% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.88% in the last 1 week, and is up 0.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.33% and the 50-Day Moving Average is 5.24%. Cinemark Holdings Inc (NYSE:CNK): On Fridays trading session , Opening price of the stock was $38.31 with an intraday high of $38.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.69. However, the stock managed to close at $37.96, a loss of 0.58% for the day. On the previous day, the stock had closed at $38.18. The total traded volume of the day was 541,752 shares.


The company Insiders own 9.2% of Cinemark Holdings Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.42% . Institutional Investors own 86.67% of Cinemark Holdings Inc shares. During last six month period, the net percent change held by insiders has seen a change of -41.28%. Also, In the latest statement by the brokerage house, Drexel Hamilton downgrades its outlook on Cinemark Holdings Inc (NYSE:CNK). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 10, 2016.

Cinemark Holdings, Inc. is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31, 2014, the Company operated 495 theatres and 5,676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit, including NextGen, CineArts, Cinemark Bistro, Cinemark Reserve and other premium concepts, such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31, 2014, the Companys United States circuit had 335 theatres and 4,499 screens in 41 states and its international circuit had 160 theatres and 1,177 screens.

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