Imax Corporation (IMAX) : Traders are bullish on Imax Corporation (IMAX) as it has outperformed the S&P 500 by a margin of 10.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.24%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.92% in the last 1 week, and is up 18.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Imax Corporation (NYSE:IMAX): The stock opened at $34.39 on Friday but the bulls could not build on the opening and the stock topped out at $34.45 for the day. The stock traded down to $33.14 during the day, due to lack of any buying support eventually closed down at $34.18 with a loss of -0.84% for the day. The stock had closed at $34.47 on the previous day. The total traded volume was 1,056,337 shares.
The stock has recorded a 20-day Moving Average of 15.96% and the 50-Day Moving Average is 11.19%. IMAX Corporation is up 5.17% in the last 3-month period. Year-to-Date the stock performance stands at -3.83%.
IMAX Corporation is an entertainment technology company. The Company, along with its wholly owned subsidiaries, is specialized motion picture technologies and presentations. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. The Companys businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the digital re-mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Its trademarks include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience and An IMAX Experience, among others. The Company owns approximately 934 theater systems (828 commercial and 106 institutional) operating in 62 countries.