Trade of the Day: Take a Gamble on Cinemark (CNK) Stock as Meme Frenzy Returns
CNKCinemark(CNK) InvestorPlace·2024-05-14 20:36

Movie theaters are in trouble. With so many ways to consume entertainment content, the box office business model lost its appeal — which is bad news for Cinemark (NYSE:CNK). So, what’s a speculator to do in this case? For CNK stock, it’s time to hitch a ride on the resurgence of the meme stocks phenomenon. To make a long story short, Keith Gill – who goes by the online moniker “Roaring Kitty” – returned to social media on Sunday, potentially revitalizing the meme movement that he kicked off. Several former ...