Imax Corp (IMAX) Files Form 4 Insider Selling : Richard L Gelfond Sells 7,741 Shares

Imax Corp (IMAX): Richard L Gelfond , Chief Executive Officer of Imax Corp sold 7,741 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $32.14 per share for a total value of $248,791.09 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Robert D Lister (Chief Legal & Chief Bus Dev) sold 14,035 shares at $30.75 per share price.On Mar 9, 2016, Greg Foster (SEVP IMAX & CEO IMAX Entertain) sold 8,909 shares at $31.29 per share price.Also, On Mar 9, 2016, Jeffrey Vance (Sr VP, Finance & Controller) sold 1,208 shares at $31.29 per share price.On Mar 9, 2016, Joseph Sparacio (Exec VP & CFO) sold 5,891 shares at $31.29 per share price.

Shares of IMAX Corporation (USA) (IMAX) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.2 points or -0.61% at $32.6 with 5,47,563 shares getting traded. Post opening the session at $32.59, the shares hit an intraday low of $32.1 and an intraday high of $33.25 and the price vacillated in this range throughout the day. The company has a market cap of $2,226 M and the number of outstanding shares has been calculated to be 6,82,76,139 shares. The 52-week high of IMAX Corporation (USA) is $43.8 and the 52-week low is $25.52.

IMAX Corporation (USA) Money Flow Index Chart

Company has been under the radar of several Street Analysts.IMAX Corporation (USA) is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $39 .The Rating was issued on Apr 22, 2016.IMAX Corporation (USA) is Upgraded by Wedbush to Outperform and the brokerage firm has set the Price Target at $38. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 22, 2016.IMAX Corporation (USA) is Reiterated by MKM Partners to Buy while Lowering the Price Target of the company shares to $ 39 from a previous price target of $44 . The Rating was issued on Feb 22, 2016.

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 Company’s 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.

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