Price Action Don’t Lie: Can IMAX Corporation (USA)’s Tomorrow Be Different? The Stock Increases Again

Price Action Don't Lie: Can IMAX Corporation (USA)'s Tomorrow Be Different? The Stock Increases Again

The stock of IMAX Corporation (USA) (NYSE:IMAX) is a huge mover today! About 456,731 shares traded hands. IMAX Corporation (USA) (NYSE:IMAX) has risen 5.47% since April 14, 2016 and is uptrending. It has outperformed by 0.78% the S&P500.
The move comes after 5 months positive chart setup for the $2.26 billion company. It was reported on Nov, 16 by Barchart.com. We have $42.61 PT which if reached, will make NYSE:IMAX worth $610.20M more.

IMAX Corporation (USA) (NYSE:IMAX) Ratings Coverage

Out of 11 analysts covering IMAX (NYSE:IMAX), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. IMAX has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of IMAX Corporation (USA) (NYSE:IMAX) earned “Buy” rating by M Partners on Wednesday, September 9. The firm earned “Buy” rating on Wednesday, September 9 by Stifel Nicolaus. The firm has “Buy” rating by Dougherty & Company given on Friday, October 16. The firm has “Buy” rating given on Tuesday, October 20 by B. Riley & Co. On Friday, November 20 the stock rating was maintained by Goldman Sachs with “Neutral”. The company was maintained on Monday, March 7 by Benchmark. The stock of IMAX Corporation (USA) (NYSE:IMAX) earned “Outperform” rating by Wedbush on Monday, February 22. Credit Suisse reinitiated IMAX Corporation (USA) (NYSE:IMAX) rating on Friday, November 11. Credit Suisse has “Outperform” rating and $42 price target. The firm has “Buy” rating given on Thursday, October 29 by Stifel Nicolaus. Macquarie Research maintained the shares of IMAX in a report on Wednesday, September 14 with “Outperform” rating.

According to Zacks Investment Research, “Imax Corporation is an entertainment technology company, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. They design and manufacture projection and sound systems for giant-screen theaters and are a producer and distributor of films for giant-screen theaters. They also design and manufacture high performance digital image delivery systems in the form of digital projectors capable of projecting quality images on large screens from any video, computer or HDTV source.”

More recent IMAX Corporation (USA) (NYSE:IMAX) news were published by: Livetradingnews.com which released: “IMAX Corporation (USA)(NYSE:IMAX) Downward Trend” on August 30, 2016. Also Investorplace.com published the news titled: “IMAX Corporation (USA): Long-Term, IMAX Stock Is Looking Better Than Ever” on May 09, 2016. Finance.Yahoo.com‘s news article titled: “IMAX : Summary for Imax Corporation Common Stock – Yahoo Finance” with publication date: April 11, 2014 was also an interesting one.

IMAX Company Profile

IMAX Corporation, incorporated on January 1, 2002, is an entertainment technology company. The Firm offers specialized motion picture technologies and presentations. The Firm operates through seven divisions: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. IMAX offers end-to-end cinematic solutions combining software, theater architecture and equipment to create the immersive motion picture experience. The Company’s theater network is a theatrical distribution platform for event films across the world. The Company’s principal 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. The Company’s clients who purchase, lease or otherwise acquire the IMAX theater systems are theater exhibitors that operate commercial theaters (particularly multiplexes), museums, science centers or destination entertainment sites. IMAX theater systems include IMAX DMR (Digital Re-Mastering) movie conversion technology, projectors with specialized equipment and automated theater control systems, sound system components and specialized theater acoustics.

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