Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 1.0000 |
Strike | 13.00 |
Expiry date | 2024-06-21 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 145 |
Cinemark (CNK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The Leisure & Recreation Services industry benefits from optimizing business processes and robust demand for cruising. RCL, CNK and AMC are well-positioned to capitalize on these.
On May 14, 2024, Third Point LLC, led by Daniel Loeb (Trades, Portfolio), made a significant addition to its investment portfolio by acquiring 2,000,000 shares of Cinemark Holdings Inc (NYSE:CNK). This transaction increased Third Point's total holdings in the company to 7,000,000 shares, marking a substantial investment in the entertainment sector. The shares were purchased at a price of $18.78 each, reflecting a strategic move by the firm amidst the evolving market dynamics.