Imax Corporation (IMAX) has risen sharply, recording gains of 8.74% in the past 4 weeks. However, the stock has corrected -7.58% 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 5.21% 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 3.47% and the 50-Day Moving Average is 2.64%. IMAX Corporation has dropped 1.28% during the last 3-month period . Year-to-Date the stock performance stands at -11.11%.
Imax Corporation (NYSE:IMAX): On Fridays trading session , Opening price of the stock was $32.12 with an intraday high of $32.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.51. However, the stock managed to close at $31.59, a loss of 1.44% for the day. On the previous day, the stock had closed at $32.05. The total traded volume of the day was 868,060 shares.
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.