nysecnk
Cinemark (NYSE: CNK) stock price will be in the spotlight after Dan Loeb, a well-known hedge fund billionaire bought a stake recently. This purchase could lead to more gains since the stock has jumped by over 126% from its lowest point in December. Dan Loeb invests in CinemarkHedge funds are publishing their 13F reports with the SEC this week. In its report, ThirdPoint noted that it acquired shares in Cinemark in the first quarter. It also initiated positions in Alphabet, Marvell Technology, and Advance Auto Parts. Daniel Loeb is a big player in the hedge fund industry and is one of the most r...
Invezz
A remarkable opening weekend for the latest Spider-Man film bolsters CNK stock Once sitting among the most beleaguered enterprises following the COVID-19 crisis, movie house operator Cinemark Holdings (NYSE:CNK) saw its equity shares pop up more than 3% on Monday. Bolstering enthusiasm was a strong opening weekend performance for the latest film in the Spider-Man franchise. So far this year, CNK stock has climbed more than 106%, well above the comparatively pedestrian S&P 500 index at just under 12%. Tripling Earlier DebutFurther, “Across the Spider-Verse” blew past industry insider expectatio...
ValueWalk
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