Why Cinemark Stock Was Climbing This Week
Shares of Cinemark Holdings (NYSE: CNK), the nation's No. 2 movie theater chain, were climbing this week in anticipation of the company's earnings report Friday morning and as it got an analyst upgrade on Wednesday.
The stock also seemed to gain in tandem with AMC Entertainment, the meme stock and the largest movie theater operator in the world.
Cinemark actually fell on its fourth-quarter earnings report on Friday, but the stock was still up 9% for the week through 10 a.m. ET Friday morning, according to data from S&P Global Market Intelligence.
Source Fool.com
