Cinemark Holdings Inc (NYSE:CNK) has risen sharply, recording gains of 5% in the past 4 weeks. However, the stock has corrected -2.34% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.34% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -14.90% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $41.91 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $34.92 and the 200 Day Moving Average price is recorded at $33.46.
The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 1.55%.
Cinemark Holdings Inc (NYSE:CNK): stock turned positive on Friday. Though the stock opened at $35.34, the bulls momentum made the stock top out at $35.82 level for the day. The stock recorded a low of $35.09 and closed the trading day at $35.47, in the green by 1.03%. The total traded volume for the day was 701,476. The stock had closed at $35.11 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Fernandes Valmir, officer (Pr – Cinemark International) of Cinemark Holdings, Inc., had unloaded 17,983 shares at an average price of $35.78 in a transaction dated on June 1, 2016. The total value of the transaction was worth $643,432.
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.