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Shares of Cinemark Holding Fall to a New 52-Week Low

By Shiri Gupta

Cinemark Holding (NYSE:CNK) traded today at a new 52-week low of $12.34. This new low was reached on below average trading volume as 293,000 shares traded hands, while the average 30-day volume is approximately 3 million shares.

Cinemark Holding share prices have moved between a 52-week high of $43.51 and the current low of $12.34 and are currently at $12.41 per share. The 200-day and 50-day moving averages have moved 1.48% lower and 5.08% lower over the past week, respectively.

Cinemark Holding (NYSE:CNK) has potential upside of 248.1% based on a current price of $12.41 and analysts' consensus price target of $43.19. Cinemark Holding shares should first meet resistance at the 50-day moving average (MA) of $29.26 and find additional resistance at the 200-day MA of $34.98.

Cinemark Holdings, Inc. operates movie theaters. The Company operates in the United States and Latin America.

SmarTrend is tracking the current trend status for Cinemark Holding and will alert subscribers who have CNK in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows cinemark holding

Ticker(s): CNK