NewroadTrader

Buy $CNK - NRPicks 21 May

Long
NYSE:CNK   Cinemark Holdings, Inc.
Cinemark Holdings, Inc. together with its subsidiaries, is engaged in the motion picture exhibition business. As of March 4, 2021, it operated 531 theaters with 5,958 screens in the United States, Brazil, Argentina, Chile, Colombia, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao and Paraguay.

CNK is a very volatile company that has been moving sideways since April and could be close to a breakout.

The company will benefit from the economic recovery as it did in the first quarter of 2021:
- Revenue $114.36M
- Net Income -$208.24M
- Cash $512.83M
- P/S fwd 1.73
Trade closed: stop reached:
July 07

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