Cinemark Hldgs에 대한 매도 수량은 투자자에게 Cinemark Hldgs의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Cinemark Hldgs (NYSE:CNK) 주식, 공매도 수량 보고

Cinemark Hldgs

Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.

Cinemark Holdings Inc Cinemark Holdings, Inc. Common Stock

Cinemark Holdings Inc

CINEMARK HOLDINGS ORD

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$165.00</td>
<td>$79.0K</td>
<td>4.8K</td>
<td>14.8K</td>
</tr>
<tr>
<td>RBLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$27.0K</td>
<td>19.4K</td>
<td>6.2K</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$143.2K</td>
<td>5.5K</td>
<td>1.1K</td>
</tr>
<tr>
<td>BILI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$93.3K</td>
<td>76.9K</td>
<td>861</td>
</tr>
<tr>
<td>CNK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$22.00</td>
<td>$115.8K</td>
<td>28</td>
<td>579</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$165.00</td>
<td>$97.8K</td>
<td>3.4K</td>
<td>139</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$600.00</td>
<td>$54.6K</td>
<td>523</td>
<td>49</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$155.00</td>
<td>$48.3K</td>
<td>1.8K</td>
<td>43</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$430.00</td>
<td>$31.8K</td>
<td>319</td>
<td>22</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 434 contract(s) at a $165.00 strike. This particular put needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $79.0K, with a price of $183.0 per contract. There were 4810 open contracts at this strike prior to today, and today 14892 contract(s) were bought and sold. 
• Regarding RBLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), we observe a put option sweep with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 111 contract(s) at a $42.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $244.0 per contract. There were 19405 open contracts at this strike prior to today, and today 6245 contract(s) were bought and sold. 
• Regarding ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 501 contract(s) at a $75.00 strike. This particular call needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $143.2K, with a price of $282.0 per contract. There were 5526 open contracts at this strike prior to today, and today 1119 contract(s) were bought and sold. 
• For BILI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), we notice a call option sweep that happens to be bullish, expiring in 105 day(s) on January 17, 2025. This event was a transfer of 203 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $93.3K, with a price of $460.0 per contract. There were 76903 open contracts at this strike prior to today, and today 861 contract(s) were bought and sold. 
• For CNK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>), we notice a put option sweep that happens to be bullish, expiring in 469 day(s) on January 16, 2026. This event was a transfer of 579 contract(s) at a $22.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $115.8K, with a price of $200.0 per contract. There were 28 open contracts at this strike prior to today, and today 579 contract(s) were bought and sold. 
• Regarding GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we observe a call option trade with bearish sentiment. It expires in 168 day(s) on March 21, 2025. Parties traded 60 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $97.8K, with a price of $1630.0 per contract. There were 3413 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a call option trade that happens to be bearish, expiring in 140 day(s) on February 21, 2025. This event was a transfer of 10 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $54.6K, with a price of $5460.0 per contract. There were 523 open contracts at this strike prior to today, and today 49 contract(s) were bought and sold. 
• For BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we notice a call option trade that happens to be bearish, expiring in 469 day(s) on January 16, 2026. This event was a transfer of 43 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $48.3K, with a price of $1125.0 per contract. There were 1853 open contracts at this strike prior to today, and today 43 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a call option trade that happens to be bearish, expiring in 441 day(s) on December 19, 2025. This event was a transfer of 1 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $31895.0 per contract. There were 319 open contracts at this strike prior to today, and today 22 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BIDU

BILI

GOOG

GOOGL

NFLX

RBLX

ROKU

9 Communication Services Stocks With Whale Alerts In Today's Session

Goldman Sachs analyst Mike Burton maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Sell and raises the price target from $16 to $20.

News

Price Target

Analyst Ratings

Goldman Sachs Maintains Sell on Cinemark Hldgs, Raises Price Target to $20

Wedbush analyst Michael Pachter maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and raises the price target from $28 to $31.

Wedbush Maintains Outperform on Cinemark Hldgs, Raises Price Target to $31

Barrington Research analyst James Goss downgrades Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from Outperform to Market Perform.

Downgrades

Barrington Research Downgrades Cinemark Hldgs to Market Perform

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f9fdc60bd991000159a4c1/eric-wold">B. Riley Securities analyst Eric Wold</a> downgraded the rating for Cinemark Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from Buy to Neutral and maintained the price target of $31. Cinemark shares gained 1.3% to close at $28.17 on Monday. <a href="https://www.benzinga.com/quote/CNK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup analyst Thomas Palmer downgraded The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) from Neutral to Sell and slashed the price target from $195 to $182. Hershey shares rose 0.04% to close at $196.41 on Monday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/66267b7c68f1bf000101d455/peter-skibitski">Alembic Global analyst Peter Skibitski</a> downgraded the rating for Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) from Overweight to Neutral and announced a price target of $560. Northrop Grumman shares gained 0.5% to close at $512.00 on Monday. <a href="https://www.benzinga.com/quote/NOC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup analyst Alicia Yap downgraded PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) from Buy to Neutral and cut the price target from $194 to $120. PDD shares dipped 28.5% to settle at $100.00 on Monday. <a href="https://www.benzinga.com/quote/PDD/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2243eaaa0001698f56/jason-mccarthy">Maxim Group analyst Jason McCarthy</a> downgraded the rating for Cyclo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTH#NASDAQ">CYTH</a>) from Buy to Hold. Cyclo Therapeutics shares rose 6.1% to close at $0.8277 on Monday. <a href="https://www.benzinga.com/quote/CYTH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying HSY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="517" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-1024x517.png" alt="" class="wp-image-516105" style="width:483px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-1024x517.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-768x387.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268.png 1330w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Markets

Trading Ideas

CYTH

Citigourp Global Markets 2% Protected Notes Linked To The Djia

This Hershey Analyst Turns Bearish; Here Are Top 5 Downgrades For Tuesday

B. Riley Securities analyst Eric Wold downgrades Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from Buy to Neutral and maintains the price target from $31 to $31.

B. Riley Securities Downgrades Cinemark Hldgs to Neutral, Maintains Price Target to $31

Cinemark Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/news/earnings/24/08/40130992/cinemarks-q2-earnings-revenue-and-eps-beat-ceo-highlights-record-breaking-inside-out-2">financial results on Friday</a>.
Cinemark reported a fiscal second-quarter 2024 sales decline of 22.1% year-on-year to $734.2 million, beating the analyst consensus estimate of $691.6 million. EPS of 32 cents beat the analyst consensus estimate of 9 cents.
Admissions revenue decreased 23.5% to $365.8 million, and concession revenue declined 21.6% to $292.9 million, driven by a 22.4% decrease in attendance to 50.0 million patrons.
"Numerous films across varied genres delivered solid results, including June's record-breaking release of Inside Out 2 – now the biggest animated title of all time – which drove cumulative Q2 box office performance beyond our expectations despite headwinds caused by last year's strikes in Hollywood," stated Sean Gamble, Cinemark President and CEO.
Cinemark shares gained 0.9% to trade at $25.08 on Monday.
These analysts made changes to their price targets on Cinemark following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a281c52adcfa70001367bf2/david-karnovsky">JP Morgan analyst David Karnovsky</a> maintained Cinemark with a Neutral and raised the price target from $22 to $25.</li>
<li>B. Riley Securities analyst Eric Wold maintained the stock with a Buy and increased the price target from $27 to $31.</li>
<li><a href="https://www.benzinga.com/topic/james-goss">Barrington Research analyst James Goss</a> maintained Cinemark with an Outperform rating and raised the price target from $24 to $28.</li>
<li>Roth MKM analyst Eric Handler maintained the stock with a Buy and boosted the price target from $28 to $30.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4053351b9b00018bee9c/benjamin-swinburne">Morgan Stanley analyst Benjamin Swinburne </a>maintained Cinemark with an Overweight rating, while boosting the price target from $26 to $29.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40161976/home-depot-to-rally-more-than-14-here-are-10-top-analyst-forecasts-for-monday">Home Depot To Rally More Than 14%? Here Are 10 Top Analyst Forecasts For Monday</a></li>
</ul>

Earnings

These Analysts Boost Their Forecasts On Cinemark Following Upbeat Earnings

Morgan Stanley analyst Benjamin Swinburne maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Overweight and raises the price target from $26 to $29.

Morgan Stanley Maintains Overweight on Cinemark Hldgs, Raises Price Target to $29

Roth MKM analyst Eric Handler maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Buy and raises the price target from $28 to $30.

Roth MKM Maintains Buy on Cinemark Hldgs, Raises Price Target to $30

Barrington Research analyst James Goss maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and raises the price target from $24 to $28.

Barrington Research Maintains Outperform on Cinemark Hldgs, Raises Price Target to $28

B. Riley Securities analyst Eric Wold maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Buy and raises the price target from $27 to $31.

B. Riley Securities Maintains Buy on Cinemark Hldgs, Raises Price Target to $31

JP Morgan analyst David Karnovsky maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Neutral and raises the price target from $22 to $25.

JP Morgan Maintains Neutral on Cinemark Hldgs, Raises Price Target to $25

Barrington Research analyst James Goss maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and maintains $24 price target.

Barrington Research Maintains Outperform on Cinemark Hldgs, Maintains $24 Price Target

High-rolling investors have positioned themselves bullish on Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CNK often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Cinemark Hldgs. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $1,550,000, and 8 calls, totaling $417,480.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $17.0 and $25.0 for Cinemark Hldgs, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Cinemark Hldgs stands at 1748.0, with a total volume reaching 11,029.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cinemark Hldgs, situated within the strike price corridor from $17.0 to $25.0, throughout the last 30 days.
<h3>Cinemark Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722631582_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CNK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.6</td>
<td>$1.45</td>
<td>$1.55</td>
<td>$22.50</td>
<td>$1.5M</td>
<td>515</td>
<td>10.0K</td>
</tr>
<tr>
<td>CNK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$5.3</td>
<td>$3.2</td>
<td>$3.4</td>
<td>$25.00</td>
<td>$69.7K</td>
<td>314</td>
<td>205</td>
</tr>
<tr>
<td>CNK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.4</td>
<td>$22.00</td>
<td>$68.0K</td>
<td>2.5K</td>
<td>207</td>
</tr>
<tr>
<td>CNK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$7.8</td>
<td>$6.1</td>
<td>$6.3</td>
<td>$18.00</td>
<td>$63.0K</td>
<td>803</td>
<td>0</td>
</tr>
<tr>
<td>CNK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$6.3</td>
<td>$6.1</td>
<td>$6.35</td>
<td>$18.00</td>
<td>$62.8K</td>
<td>803</td>
<td>201</td>
</tr>
</tbody>
</table>

<h3>About Cinemark Hldgs</h3>
Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.
Following our analysis of the options activities associated with Cinemark Hldgs, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Cinemark Hldgs</h3>
<ul>
<li>With a volume of 8,460,796, the price of CNK is up 7.62% at $24.85. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
<h3>What Analysts Are Saying About Cinemark Hldgs</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $25.5.
<ul>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Cinemark Hldgs with a target price of $26. </li>
<li>An analyst from Wedbush downgraded its action to Outperform with a price target of $25. </li>
<li>An analyst from Macquarie has decided to maintain their Outperform rating on Cinemark Hldgs, which currently sits at a price target of $24. </li>
<li>An analyst from B. Riley Securities upgraded its action to Buy with a price target of $27. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cinemark Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Cinemark Hldgs Unusual Options Activity For August 02

WIIM

Cinemark Holdings shares are trading higher after the company reported better-than-expected Q2 financial results.

Cinemark Holdings&nbsp;Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) reported a fiscal second-quarter 2024 sales decline of 22.1% year-on-year to $734.2 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40125904/cinemark-holdings-inc-reports-second-quarter-2024-results" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $691.6 million</a>. EPS of $0.32 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $0.09</a>.
Admissions revenue decreased 23.5% to $365.8 million, and concession revenue declined 21.6% to $292.9 million, driven by a 22.4% decrease in attendance to 50.0 million patrons.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39991247/disney-amc-and-imax-stocks-surge-after-deadpool-wolverine-breaks-box-office-records" rel="noreferrer noopener">Disney, AMC, And IMAX Stocks Surge After &#8220;Deadpool &amp; Wolverine&#8221; Breaks Box Office Records</a>
The worldwide average ticket price was $7.32, and concession revenue per patron was $5.86.
As of June 30, 2024, the&nbsp;company&#8217;s&nbsp;aggregate screen count was 5,708, and the company had commitments to open three new theatres and 33 screens over the next two years.
The company generated $142.1 million of adjusted EBITDA in the quarter versus $231.5 million a year ago.&nbsp;
Cinemark held $788.8 million in cash and equivalents as of June 30, 2024.
&#8220;Numerous films across varied genres delivered solid results, including June&#8217;s record-breaking release of&nbsp;Inside Out 2 – now the biggest animated title of all time – which drove cumulative Q2 box office performance beyond our expectations despite headwinds caused by last year&#8217;s strikes in Hollywood,&#8221; stated Sean Gamble, Cinemark President and CEO.
Cinemark Holdings stock gained over 33% in the last 12 months.
Price Action: CNK shares are trading higher by 7.80% at $24.89 premarket at the last check Friday.
Photo via Shutterstock

Movers

Cinemark's Q2 Earnings: Revenue And EPS Beat, CEO Highlights Record-Breaking 'Inside Out 2'

U.S. stocks were priming for more losses on Friday as traders await the key non-farm payrolls report. Tech stocks could again take the brunt of the selling amid some sector-specific concerns and the ongoing rotation out of the sector. Against the backdrop, the payroll data could be a make-or-break catalyst for the market.
Quincy Krosby, Chief Global Strategist at LPL Financial, said if the payroll report sees the unemployment rate rising despite an increase in the participation rate, the Fed is going to have a lot of explaining to do as officials hit the airwaves with their opinions.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-1.68%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.10%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.84%</td>
</tr>
<tr>
<td>R2K</td>
<td>-1.86%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved up 0.31% to $547.16, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.48% to $473.35, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
The CBOE volatility index, aka VIX, spiked about 10% and breached the 20 mark for the first time since Oct. 2023.
Cues From Last Session:
The major averages pulled back sharply on Thursday, as traders reacted to the Institute for Supply Management&#8217;s weak manufacturing purchasing managers&#8217; index and a spike in weekly jobless claims. The ISM manufacturing PMI for July fell to the weakest since November 2023, signaling a steeper contraction than in July. The 10-year bond yield dipped below the 4% threshold following the data.
After opening slightly higher, thanks to a positive reaction to Meta Platform, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) earnings, the indices reversed course after the ISM data and fell steadily until the mid-session. They went about a consolidation move around the depressed levels in the afternoon before closing notably lower.
IT, energy and consumer discretionary stocks were among the biggest decliners, while defensive sectors such as utility, real estate, healthcare and consumer staple stocks gained some ground. Communication services stocks received support from Meta&#8217;s earnings.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td> Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.30%</td>
<td>17,194.15</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-1.37%</td>
<td>5,446.68</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.21%</td>
<td>40,347.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.03%</td>
<td>2,186.16</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Chris Zaccarelli, Chief Investment Officer for Independent Advisor Alliance, sees the risk of hard-landing in the wake of the recent weak economic data. &#8220;As we get closer to the election, the market has become more volatile, and investors are still worried about growth slowing too quickly and inflation remaining sticky,&#8221; he said.&nbsp;
&#8220;The Fed has been able to orchestrate a soft landing – so far – but that could be in jeopardy if growth slows too quickly, or inflation remains stubbornly high.&#8221;
Krosby said weak data and the pullback in bond yields suggest a &#8220;looming economic growth scare and further questions whether the Fed is correct in waiting until September to begin its easing cycle.&#8221;
Upcoming Economic Data:
<ul>
<li>The monthly non-farm payrolls data due at 8:30 a.m. EDT is expected to show job gains of 185,000 for July, down from 206,000 in June. The jobless rate is expected to stay put at 4.1%, while the average hourly earnings, an inflation measure, may have risen at a slower annual rate of 3.7%, down from 3.9% in June.</li>
<li>The Commerce Department will release its June factory goods orders report at 10 a.m. EDT. The month-over-month decline in factory goods orders is expected to steepen from 0.5% in May to 3.2% in June.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) fell over 8% <a href="https://www.benzinga.com/premarket">in premarket trading,</a> Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose about 0.80% and Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a href="https://www.benzinga.com/markets/equities/24/08/40127983/intel-shares-crash-21-in-pre-market-nvidia-rival-on-verge-of-losing-25b-in-market-value-in-possi">plunged over 20.50%</a>, all in reaction to earnings.</li>
<li>Other stocks moving on earnings are Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) (up over 4%), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) (down about 7%), Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) (up over 7%), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) (down over 4%), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) (down over 7.50%), Opendoor Technologies Inc. (NASDAQ: OPEN (down about 10%), and Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) (up over 5%).</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Magna International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>), Cinemark Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) and Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) are among the key companies due to <a href="https://www.benzinga.com/calendars/earnings">release their earnings reports ahead of the market opening</a>, while AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) will report after the market close.</li>
<li>The<a href="https://www.benzinga.com/markets/equities/24/08/40126391/chip-stocks-staring-at-another-bloodbath-as-intel-tumbles-nvidia-dips-4-asml-crumbles-over-6-wha"> </a><a href="https://www.benzinga.com/markets/equities/24/08/40126391/chip-stocks-staring-at-another-bloodbath-as-intel-tumbles-nvidia-dips-4-asml-crumbles-over-6-wha">semiconductor space is selling off amid negative headlines,</a> with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXX#NASDAQ">OXX</a>) down about 2%.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude futures rose modestly and gold gained ground and traded firmly above the $2,500 mark, marking a fresh record. The 10-year Treasury note yield slid further below the 4% level. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) flatlined around the $64.5K mark.
The global markets are swathed in a sea of red.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40006542/apple-amazon-microsoft-meta-lead-the-charge-as-investors-bank-on-tech-cheer-for-ral">Apple, Amazon, Microsoft, Meta Lead The Charge As Investors Bank On Tech Cheer For Rally&#8217;s Reacceleration: Week Ahead In Earnings</a></li>
</ul>
Image Via Shutterstock

Equities

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

$BTC

AAPL

AMZN

BKNG

DKNG

INTC

MCHP

TWLO

Wall Street Set To Tumble As Macro Concerns Return, VIX Spikes And Global Markets Sell Off: Safe-Haven Gold Rises To Record High As Traders Eye July Jobs Data

Earnings Beats

Cinemark Hldgs Q2 2024 GAAP EPS $0.32 Beats $0.10 Estimate, Sales $734.200M Beat $691.616M Estimate

AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) is slated to release results for second-quarter 2024 on Aug 2, after the closing bell.
In the last reported quarter, the company&#39;s earnings missed the Zacks Consensus Estimate by 25.8%. The company&#39;s top line dropped 0.3% year over year. However, AMC&#39;s loss per share narrowed to 78 cents from a loss of $1.31 reported in the prior-year quarter.
AMC surpassed the earnings in the trailing three out of four quarters. The average surprise over this period is 38%, as shown in the chart below.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/42/73073.jpg?v=1545978690" />
Image Source: Zacks Investment Research
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for second-quarter loss is pegged at 10 cents per share against break-even earnings reported in the prior-year quarter. In the past seven days, loss estimates for the current quarter have narrowed by 27 cents. The consensus mark for revenues is pegged at $1.03 billion, indicating a 23.5% year-over-year decline.
<h3>What the Zacks Model Unveils</h3>
Our proven model doesn&#39;t conclusively predict an earnings beat for AMC Entertainment this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: AMC Entertainment has an Earnings ESP of 0.00%.
Zacks Rank: The company carries a Zacks Rank #2 at present.
<h3>Factors Influencing Q2 Performance</h3>
AMC&#39;s second-quarter 2024 performance is likely to have been hurt by prolonged actors and writer strikes in 2023. These strikes significantly reduced the number of new movies being released in theaters, which is likely to have negatively impacted the company&#39;s earnings in the quarter to be reported.
The company reported preliminary second-quarter 2024 results. Total revenues in the quarter are likely to be nearly $1,030.6 million compared with $1,347.9 million in the quarter ended Jun 30, 2023.
Despite weak preliminary second-quarter 2024 results, AMC saw an encouraging trend of increasing daily revenues in June 2024, suggesting a recovery in moviegoing activity. The industry box office for June was nearly on par with the combined total for April and May, contributing to improved financial performance for AMC during that month. During the Jun 13-16, 2024 period, AMC reported the highest attendance and admissions revenues across its U.S. and international locations.
AMC&#39;s focus on enhancing the guest experience and operational efficiency has been pivotal in its success. The company continues to innovate and diversify its offerings. Its retail popcorn initiative expanded to 6,500 points of distribution, including major retailers like Walmart, Amazon, Publix and Kroger. These efforts are likely to have aided the company&#39;s performance in the quarter to be reported.
<h3>Price Performance &amp; Valuation</h3>
In the past three months, AMC Entertainment&#39;s stock has surged 69.6% compared with the industry&#39;s increase of 3.5%. The company&#39;s price performance outshined other industry players, including Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>), The Marcus Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcs#NYSE">MCS</a>) and Live Nation Entertainment, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyv#NYSE">LYV</a>).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/93/73072.jpg?v=317696522" />
Image Source: Zacks Investment Research
The company is currently trading at a forward 12-month price-to-sales ratio of 0.39X, well below the industry average of 1.38X, reflecting an attractive investment opportunity.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/93/73074.jpg?v=803017678" />
Image Source: Zacks Investment Research
<h3>Investment Thoughts</h3>
Although the company&#39;s top and the bottom line are likely to have registered a decline in second-quarter 2024, the company&#39;s prospects for the near-term future remain bright. AMC is benefiting from increased attendance from moviegoers, the availability of diverse film options and movie-themed merchandise offerings. Also, strong consumer spending on premium large-screen formats and innovative food and beverage options bode well.
Looking ahead, AMC is confident about the future of the movie theater industry. An extensive review of upcoming movie releases for 2024, 2025 and 2026 suggests a promising period ahead.&nbsp; AMC is also venturing into new revenue streams, such as concert films and special events. The company partnered with top musical artists to bring exclusive concert films and listening events to its theaters. Collaborations with stars like Taylor Swift, Beyonc&eacute; and Billie Eilish are opening new growth opportunities. These initiatives, alongside the launch of AMC Theaters Distribution, highlight AMC&#39;s commitment to innovative programming and revenue diversification, reinforcing its competitive edge in the industry. The recent rise in AMC&#39;s share price reflects growing investor confidence in the company&#39;s prospects. Given this optimism, adding AMC stock to your portfolio could be a wise decision.
<a href="https://www.zacks.com/stock/news/2314261/amc-entertainment-amc-a-must-buy-before-q2-earnings-premiere?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2314261">To read this article on Zacks.com click here.</a>

Entertainment

Small Cap

General

AMC Entertainment: A Must-Buy Before Q2 Earnings Premiere?

Wedbush analyst Michael Pachter reiterates Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and maintains $25 price target.

Reiteration

Wedbush Reiterates Outperform on Cinemark Hldgs, Maintains $25 Price Target

XLY: Consumer Discretionary Dashboard For August

B. Riley optimistic on Cinemark's industry outperformance but rates stock 'neutral'

Wedbush analyst Alicia Reese reiterated a Buy rating on Cinemark Holdings (CNK – Research Report) today and set a price target of $31.00. The compa...

Cinemark Holdings (CNK) Gets a Buy from Wedbush

Tracking Dan Loeb's Third Point Portfolio - Q2 2024 Update

Ad spending expected to shift as economic downturn looms -- analyst

Adyen to streamline payments for moviegoers at U.S. Cinemark theaters

Barrington analyst Patrick Sholl maintained a Hold rating on Cinemark Holdings (CNK – Research Report) today. The company's shares opened today at ...

Cinemark Holdings (CNK) Receives a Hold from Barrington

After a very rough week in the markets, here is a brief look at the few positions that survived the onslaught in my main account.

Eight Survivors

Alicia Reese, an analyst from Wedbush, reiterated the Buy rating on Cinemark Holdings (CNK – Research Report). The associated price target remains ...

Cinemark Holdings: A Strong Buy on Strategic Recovery and Market Positioning

There's a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Meta Platforms (META – Research Report) ...

Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and Cinemark Holdings (CNK)

ADYEY

ADYYF

APOS

ASML

BBWI

CPAY

FDIS

FERG

IMAX

MRVL

MSCI

MSFT

PARA

RSPD

SBUX

SMTC

SPGI

SPNT

SPOT

TPNTF

TSLA

TSMWF

UBER

VSCO

Press Releases

National CineMedia, Inc. to Release Second Quarter 2024 Results on August 5, 2024

Cinemark Holdings, Inc. Reports Second Quarter 2024 Results

National CineMedia, Inc. Reports Results for Fiscal Second Quarter 2024

LAIKA's 15th Anniversary Theatrical Re-Release of Newly Remastered 3D Coraline Storms Past Box Office Expectations With Over $20M Worldwide

GND Media Group, in Association with Pure Flix and Fathom, Reveal Official Trailer for AVERAGE JOE

LAIKA's 15th Anniversary Newly Remastered 3D Coraline Scores $38.3M in Global Box Office Since August 15th Theatrical Re-Release

BRANDON LAKE AND PHIL WICKHAM PRESENT 'FOR THE ONE' TOUR DOCUMENTARY WITH FATHOM

Cinemark Celebrates its All-Time Best September Domestic Box Office Weekend, Driven by Beetlejuice Beetlejuice

Fintech

Adyen To Power Omnichannel Payments at U.S. Cinemark Theaters

LAIKA Sets Coraline Limited-Time Return Engagement for Halloween Starting October 31st Through Fathom and Trafalgar Releasing

NCMI

AMC Entertainment Holdings, Inc. Class A Common Stock

AMC Enter Hldgs

Atlanta Braves Holdings, Inc. - Series A Common Stock

Atlanta Braves Holdings

Atlanta Braves Holdings, Inc. - Series C Common Stock

Walt Disney

Endeavor Group Holdings, Inc. Class A Common Stock

Endeavor Gr Hldgs

Liberty Media Corporation - Series A Liberty Formula One Common Stock

Liberty Formula One Gr

Ordinary Shares (New Liberty Formula One) Series A

Liberty Media Corporation - Series C Liberty Formula One Common Stock

Ordinary Shares (New Liberty Formula One) Series C

iQIYI

Lions Gate Entertainment Corporation Class A Voting Shares

Lions Gate Entertainment Corporation Class B Non-Voting Shares

Lionsgate Studios

Liberty Media Corporation - Series A Liberty Live Common Stock

Liberty Live

Ordinary Shares (New Liberty Live) Series A

Liberty Media Corporation - Series C Liberty Live Common Stock

Ordinary Shares (New Liberty Live) Series C

Live Nation Entertainment, Inc. Common Stock

Live Nation Entertainment

Manchester United Ltd. Class A Ordinary Shares

Manchester United

Marcus

Madison Square Garden Entertainment Corp. Class A Common Stock

Madison Square Garden

Madison Square Garden Sports Corp. Class A Common Stock (New)

Netflix

Roku

Sphere Entertainment Co. Class A Common Stock

Sphere Entertainment

TKO Group Holdings, Inc. Class A Common Stock

TKO Group Holdings

Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares

Comments

Cinemark Hldgs

매도 수량

Cinemark Hldgs (NYSE:CNK) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌