Shares of Carmike Cinemas (NASDAQ:CKEC) Sees Large Outflow of Money

Carmike Cinemas (NASDAQ:CKEC) traded higher in the last at $30.55, gaining 0.08 points or 0.25%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-3.28) million. The composite uptick value of $1.15 million was eclipsed by the accrued downtick value of $4.43 million, thereby ensuring the up/down ratio of 0.26. For the week, the shares have posted returns of 1.41%.A block trade registered during the day has revealed $0 million in upticks and $3.15 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-3.15) million.


The stock has recorded a 20-day Moving Average of 2.2% and the 50-Day Moving Average is 2.19%. The company shares have rallied 8.05% in the past 52 Weeks. On March 24, 2016 The shares registered one year high of $30.7 and one year low was seen on February 11, 2016 at $18.52. The 50-day moving average is $29.9 and the 200 day moving average is recorded at $26.32. S&P 500 has rallied 1.93% during the last 52-weeks.

Carmike Cinemas (NASDAQ:CKEC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.56 and $30.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.59, notching a gain of 0.39% for the day. The total traded volume was 467,121 . The stock had closed at $30.47 on the previous day.

Currently the company Insiders own 5.57% of Carmike Cinemas shares according to the proxy statements. Institutional Investors own 99.11% of Carmike Cinemas shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Ellis Daniel E, officer (SVP, General Counsel & Sec) of Carmike Cinemas Inc, had unloaded 2,000 shares at an average price of $20.3 in a transaction dated on September 11, 2015. The total value of the transaction was worth $40,600.

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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