Published on 20 Sep 2024 on Insider Monkey · via Yahoo Finance
Cinemark Holdings, Inc. (CNK): Short Seller Sentiment is Bearish
We recently compiled a list of the 14 Worst 52-Week High Stocks to Buy According to Short Sellers. In this article, we are going to take a look at where Cinemark Holdings, Inc. (NYSE:CNK) stands against the other 52-week high stocks.
The start of the US Federal Reserve cutting cycle ushers a new era in the investment world after one of the longest bull runs. Major US Indices are at record highs, well supported by an economy that has shrugged off the adverse effects of high interest rates. A resilient economy has been the catalyst behind companies delivering better-than-expected results, helping shore up sentiments in the equity markets. With the S&P 500 at record highs, so are stocks trading close to 52-week highs on valuations that are getting out of hand.