Large Inflow of Money Witnessed in Carmike Cinemas

Carmike Cinemas (NASDAQ:CKEC) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $1.26 million worth of transactions were on upticks, whereas, the downticks accounted for $1.07 million worth of transactions. The net money flow was a positive $0.19 million and the uptick to downtick ratio was 1.17. The net money flow into the stock was $0.01 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Carmike Cinemas (NASDAQ:CKEC) was trading at $30.45, down $0.01 during day. The stock slid -0.03% over the previous days close. For the week, the stock recorded -1.62% over the previous weeks close.


In an insider trading activity,The officer (SVP, General Counsel & Sec) of Carmike Cinemas Inc, Ellis Daniel E sold 2,000 shares at $20.3 on September 11, 2015. The Insider selling transaction had a total value worth of $40,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 5.57% of Carmike Cinemas shares according to the proxy statements. Institutional Investors own 99.55% of Carmike Cinemas shares.

The company shares have rallied 14.51% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $31.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.04 and the 200 Day Moving Average price is recorded at $26.73. Carmike Cinemas (NASDAQ:CKEC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.54 and $30.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.49, notching a gain of 0.10% for the day. The total traded volume was 615,287 . The stock had closed at $30.46 on the previous day.

Carmike Cinemas, Inc., (Carmike) is a motion picture exhibitor company. The Company owns and operates theatres and screens. In certain locations, the Company offers a food and beverage menu, including the sale of alcoholic beverages. The Company owns and operates approximately 274 theatres with 2,909 screens located in 41 states. In addition, it has approximately 257 theatres with 1,080 screens (37% of its screens) equipped for three dimension (3-D). The Company operates one family entertainment center under the name Hollywood Connection which features a multiplex theatre and other forms of family entertainment. It also operates two Bogarts Bar and Grill Restaurants (Bogarts). Bogarts is a full service restaurant and bar. As of December 31, 2014, the Company operated 45 auditoriums, which operate under the Big D, IMAX and MuviXL names. The Company sells its tickets at its theatre box offices before the start of a film.

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