Carmike Cinemas rallies, remains in longer-term downtrend The stock is rallying, last up 3% to $25.66. At that price the stock is still within the downtrend channel that began to develop late in November. It would need to break above the $26.50 level to breach the top of the channel. Support is at $25.33.
Carmike Cinemas sell-off overdone, says B. Riley B. Riley said the sell-off in Carmike has been excessive and views valuation as attractive ahead of the 2015 film slate and catalysts. Shares are Buy rated with a $40 price target.