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Cinemark Holdings, Inc. (CNK) Stock: What Does the Chart Say Wednesday?

Wednesday, February 28, 2024 12:58 PM | InvestorsObserver Analysts

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Cinemark Holdings, Inc. (CNK) Stock: What Does the Chart Say Wednesday?

Cinemark Holdings, Inc. (CNK) stock has risen 5.83% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Cinemark Holdings, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CNK!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CNK Stock Today?

Cinemark Holdings, Inc. (CNK) stock has risen 2.56% while the S&P 500 has fallen -0.2% as of 12:57 PM on Wednesday, Feb 28. CNK has gained $0.43 from the previous closing price of $16.82 on volume of 1,781,849 shares. Over the past year the S&P 500 has risen 27.26% while CNK has gained 23.74%. CNK earned $1.34 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.91. To screen for more stocks like Cinemark Holdings, Inc. click here.

More About Cinemark Holdings, Inc.

Cinemark Holdings Inc is the third- largest motion picture exhibitor in the United States. The company operates 5,868 screens in U.S and Latin America. Cinemark generates nearly $3 billion in revenue--approximately 60% from admissions, 30% from concessions, and 10% from other sources, such as in-lobby video games. Most of Cinemark's theaters are located in midsize cities or suburbs of large cities. Click Here to get the full Stock Report for Cinemark Holdings, Inc. stock.

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