The EVP-General Counsel of Cinemark Holdings Inc (NYSE: CNK) is Selling Shares

By Carrie Williams

Today, the EVP-General Counsel of Cinemark Holdings Inc (NYSE: CNK), Michael Cavalier, sold shares of CNK for $574.8K.

In addition to Michael Cavalier, 6 other CNK executives reported Sell trades in the last month. Following Michael Cavalier’s last CNK Sell transaction on February 16, 2017, the stock climbed by 1.9%.

The company has a one year high of $44.33 and a one year low of $32.60. CNK’s market cap is $5.1B and the company has a P/E ratio of 20.11. Currently, Cinemark Holdings Inc has an average volume of 147.3K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $46.83, reflecting a -6.3% downside.

The insider sentiment on Cinemark Holdings Inc has been negative according to 33 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Cinemark Holdings, Inc. is a holding company which, operates through its subsidiaries in the motion picture exhibition industry. The company operates its multiplex theaters in smaller cities and suburban areas of major metropolitan markets. It operates its business in two segments: International Markets and U.S. Markets. The International Markets segment consists of operations in Brazil, Mexico, Chile, Colombia, Argentina, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala. The U.S. Markets segment includes U.S. and Canada operations. It has introduced NextGen concept, which features wall-to-wall and ceiling-to-floor screens and the latest digital projection and sound technologies in all of the auditoriums of a complex. These theatres generally also have an XD auditorium. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.