In a filing, Imax Corp revealed its Chief Legal & Sr Exec VP LISTER ROBERT D unloaded Company’s shares for reported $0.42 million on Mar 14 ’24. In the deal valued at $16.87 per share,25,000 shares were sold. As a result of this transaction, LISTER ROBERT D now holds 138,889 shares worth roughly $2.31 million.
Then, PABLO CALAMERA sold 3,516 shares, generating $66,734 in total proceeds. Upon selling the shares at $18.98, the CTO & EVP now owns 30,813 shares.
Before that, GELFOND RICHARD L sold 100,000 shares. Imax Corp shares valued at $2,094,720 were divested by the Chief Executive Officer at a price of $20.95 per share. As a result of the transaction, GELFOND RICHARD L now holds 388,678 shares, worth roughly $6.46 million.
Barrington Research reiterated its Imax Corp [IMAX] rating to an Outperform in a research note published on April 21, 2023; the price target was $24. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. B. Riley Securities also remained covering IMAX and reiterated its “Buy” recommendation on October 12, 2022. Rosenblatt started covering the stock on May 24, 2022. It rated IMAX as “a Buy”.
Price Performance Review of IMAX
On Tuesday, Imax Corp [NYSE:IMAX] saw its stock jump 2.47% to $16.61. Over the last five days, the stock has gained 3.88%. Imax Corp shares have risen nearly 10.59% since the year began. Nevertheless, the stocks have fallen -16.15% over the past one year. While a 52-week high of $21.82 was reached on 02/28/24, a 52-week low of $13.20 was recorded on 02/06/24. SMA at 50 days reached $15.58, while 200 days put it at $16.91. A total of 0.78 million shares were traded, compared to the trading of 0.72 million shares in the previous session.
Levels Of Support And Resistance For IMAX Stock
The 24-hour chart illustrates a support level at 16.26, which if violated will result in even more drops to 15.91. On the upside, there is a resistance level at 16.90. A further resistance level may holdings at 17.20. The Relative Strength Index (RSI) on the 14-day chart is 59.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.15%. Stochastics %K at 72.94% indicates the stock is a holding.
How much short interest is there in Imax Corp?
A steep rise in short interest was recorded in Imax Corp stocks on Mar 28, 2024, growing by 70000.0 shares to a total of 2.93 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.86 million shares. There was a rise of 2.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.61.
The most recent change occurred on October 22, 2021 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $27 price target.
