Shares of Imax Corporation (NYSE:IMAX) Sees Large Outflow of Money

Imax Corporation (NYSE:IMAX) : Wednesdays money flow analysis of Imax Corporation (NYSE:IMAX) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $6.96 million. In comparison, the inflow of money on upticks was a meager $3.68 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.28 million. The uptick to downtick ratio of 0.53 in the money flow shows weakness. The uptick block trades were valued at $1.77 million. The downtick transaction value was high at $5.25 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.34. Hence, the net money flow in the stock was negative ($3.48 million). Imax Corporation (NYSE:IMAX) gained $0.79 at $28.48, a change of 2.85% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Cripps Andrew, (Executive Vice President) of Imax Corp, had unloaded 31,175 shares at an average price of $33.5 in a transaction dated on June 2, 2016. The total value of the transaction was worth $1,044,363. Currently the company Insiders own 5.8% of Imax Corporation shares according to the proxy statements. Institutional Investors own 84.08% of Imax Corporation shares.

The company shares have dropped -29.67% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $40.65 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.28 and the 200 Day Moving Average price is recorded at $31.62. Imax Corporation (NYSE:IMAX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.80 and $27.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.50, notching a gain of 2.93% for the day. The total traded volume was 1,090,342 . The stock had closed at $27.69 on the previous day.

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.

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