Imax Corporation (IMAX) : Wednesdays money flow data in Imax Corporation (IMAX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $11.01 million, whereas, $5.77 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.91, in favor of the bulls. The total money flow into the stock was $5.24 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $5.64 million. The total value of block trades done on upticks was $7.56 million. The value of bearish trades on downticks was only $1.92 million.The up/down ratio in the block trades was a healthy 3.94 in favor of the bulls, suggesting strong buying in the stock by large traders. Imax Corporation (IMAX) fell $0.18 and traded at $29.4, down -0.61% for the day, over previous days close. On a weekly basis, the shares are -1.34% over the previous weeks close.
IMAX Corporation has lost 0.24% in the last five trading days and dropped 3.83% in the last 4 weeks. IMAX Corporation is up 3.16% in the last 3-month period. Year-to-Date the stock performance stands at -17.28%.
Imax Corporation (IMAX) : The consensus on Imax Corporation (IMAX) based on 9 analyst recommendation on the company stock is 1.11, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.
Imax Corporation (NYSE:IMAX): stock was range-bound between the intraday low of $29.235 and the intraday high of $29.679 after having opened at $29.53 on Wednesdays session. The stock finally closed in the red at $29.53, a loss of -0.61%. The stock remained in the red for the whole trading day. The total traded volume was 1,372,352 shares. The stock failed to cross $29.679 in Wednesdays trading. The stocks closing price on Thursday was $29.58.
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.