Imax Corporation (IMAX) Shares are Down -1.3%

Imax Corporation (IMAX) has risen sharply, recording gains of 4.45% in the past 4 weeks. However, the stock has corrected -1.3% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.39% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 4.22%. Imax Corporation (NYSE:IMAX): stock turned positive on Friday. Though the stock opened at $31.49, the bulls momentum made the stock top out at $32.075 level for the day. The stock recorded a low of $31.47 and closed the trading day at $31.9, in the green by 1.01%. The total traded volume for the day was 496,959. The stock had closed at $31.58 in the previous days trading.


The company Insiders own 5.8% of Imax Corporation shares according to the proxy statements. Institutional Investors own 81.37% of Imax Corporation shares. Also, Major Brokerage house, Roth Capital assumes its ratings on Imax Corporation (NYSE:IMAX). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 20, 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 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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