Cinemark Holdings Inc (CNK) : The total negative money flow of $8.22 million on Thursday indicates selling on strength. The inflow of money on upticks was $8.82 million, compared to $17.03 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.52. The negative money flow of $9.38 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.01 million in a block trade.The transaction value of block trade on downtick was $10.38 million. The uptick to downtick ratio was 0.1. The price action in the Cinemark Holdings Inc (CNK) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $37.69 with a gain of $0.51 , a change of 1.37% over the previous days close. The stock registered 6.26% for the week.
The stock has recorded a 20-day Moving Average of 7.87% and the 50-Day Moving Average is 7.63%. Shares have dropped -13.25% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $41.90 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $34.93 and the 200 Day Moving Average price is recorded at $33.51.
Cinemark Holdings Inc (NYSE:CNK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.23 and $37.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.69, notching a gain of 1.37% for the day. The total traded volume was 1,555,306 . The stock had closed at $37.18 on the previous day.
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.