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Is it Time to Dump Cinemark Holdings, Inc. (CNK) Stock After it Has Fallen 1.66% in a Week?

Wednesday, October 14, 2020 01:18 PM | InvestorsObserver Analysts

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Is it Time to Dump Cinemark Holdings, Inc. (CNK) Stock After it Has Fallen 1.66% in a Week?

The market has been down on Cinemark Holdings, Inc. (CNK) stock recently. CNK gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

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

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

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 is trading at $8.29 as of 1:16 PM on Wednesday, Oct 14, an increase of $0.36, or 4.48% from the previous closing price of $7.93. The stock has traded between $7.56 and $8.53 so far today. Volume today is 12,199,554 compared to average volume of 9,790,844.

To screen for more stocks like Cinemark Holdings, Inc. click here.

More About Cinemark Holdings, Inc.

Cinemark Holdings is the third- largest motion picture exhibitor in the United States. The company operates 4,568 screens in 37 states and 12 Latin American countries. Cinemark generates nearly $2 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 Score Report on Cinemark Holdings, Inc. (CNK) Stock.

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