Imax Corporation (IMAX) Shares are Down -2.79%

Imax Corporation (IMAX) : During the past 4 weeks, traders have been relatively bearish on Imax Corporation (IMAX), hence the stock is down -6.68% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.95% relative to the S&P 500. The 4-week change in the price of the stock is -7.18% and the stock has fallen -2.79% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 5.8%.The 200 Day SMA reached 7.16%


Imax Corporation (NYSE:IMAX): After opening at $28.65, the stock dipped to an intraday low of $28.5 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.1 and the buying power remained strong till the end. The stock closed at $28.97 for the day, a gain of 0.66% for the day session. The total traded volume was 1,326,661. The stocks close on the previous trading day was $28.97.

Imax Corporation (IMAX) : The highest short term price target forecast on Imax Corporation (IMAX) is $45 and the lowest target price is $38. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $40.89 with a standard deviation of $1.98.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.