Cinemark receives unusual options trading of 240%

Cinemark Holdings, Inc. (NYSE:CNK) saw some unusual options trading on Thursday. Stock investors purchased 14,056 call options on the stock. This is an increase of 240% compared to the typical daily volume of 4,134 call options.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, July 29th.

Imperial Capital decreased their target price on Cinemark from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, June 19th. Benchmark raised Cinemark from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday. Goldman Sachs Group started coverage on Cinemark in a research report on Wednesday, July 15th. They set a “neutral” rating and a $12.00 target price on the stock.

Finally, Wedbush decreased their target price on Cinemark from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $19.54.

Share: