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IMAX stock rated a Buy by Seaport Research Partners

Imax Corp’s filing revealed 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 $0.88 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.

Seaport Research Partners initiated its Imax Corp [IMAX] rating to a Buy in a research note published on July 24, 2024; the price target was $23. A number of analysts have revised their coverage, including Barrington Research’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. B. Riley Securities also remained covering IMAX and reiterated its “Buy” recommendation on December 05, 2022. B. Riley Securities maintained its rating on October 12, 2022. It rated IMAX as “a Buy”.

Price Performance Review of IMAX

On Tuesday, Imax Corp [NYSE:IMAX] saw its stock fall -2.16% to $20.79. Over the last five days, the stock has gained 7.11%. Imax Corp shares have risen nearly 38.42% since the year began. Nevertheless, the stocks have risen 17.19% over the past one year. While a 52-week high of $22.13 was reached on 08/26/24, a 52-week low of $13.20 was recorded on 02/06/24. SMA at 50 days reached $20.49, while 200 days put it at $17.33.

Levels Of Support And Resistance For IMAX Stock

The 24-hour chart illustrates a support level at 20.47, which if violated will result in even more drops to 20.15. On the upside, there is a resistance level at 21.11. A further resistance level may holdings at 21.42. The Relative Strength Index (RSI) on the 14-day chart is 54.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.62%. Stochastics %K at 77.48% 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 2024-09-30, growing by 0.52 million shares to a total of 4.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.33 million shares. There was a rise of 10.65%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on May 24, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

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