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Insider Sale Alert: Imax Corp [IMAX] – Is it Time to sell?


Imax Corp’s recently made public that its CTO & EVP PABLO CALAMERA unloaded Company’s shares for reported $0.1 million on Apr 26 ’24. In the deal valued at $17.05 per share,6,130 shares were sold. As a result of this transaction, PABLO CALAMERA now holds 42,269 shares worth roughly $0.72 million.

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Then, LISTER ROBERT D sold 25,000 shares, generating $421,825 in total proceeds. Upon selling the shares at $16.87, the Chief Legal & Sr Exec VP now owns 138,889 shares.

Before that, PABLO CALAMERA sold 3,516 shares. Imax Corp shares valued at $66,734 were divested by the CTO & EVP at a price of $18.98 per share. As a result of the transaction, PABLO CALAMERA now holds 30,813 shares, worth roughly $0.52 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 fall -0.24% to $16.95. Over the last five days, the stock has lost -3.58%. Imax Corp shares have risen nearly 12.85% since the year began. Nevertheless, the stocks have fallen -0.24% over the past one year. While a 52-week high of $20.70 was reached on 05/14/24, a 52-week low of $13.20 was recorded on 02/06/24. SMA at 50 days reached $16.58, while 200 days put it at $16.45. A total of 0.47 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For IMAX Stock

The 24-hour chart illustrates a support level at 16.69, which if violated will result in even more drops to 16.43. On the upside, there is a resistance level at 17.25. A further resistance level may holdings at 17.55. The Relative Strength Index (RSI) on the 14-day chart is 56.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.37%. Stochastics%K at 71.01% indicates the stock is a holding.

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.

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