The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Imax Corp shares valued at $75,448 were sold by Fernandes Natasha on Dec 09 ’24. At $25.52 per share, Fernandes Natasha sold 2,957 shares. The insider’s holdings dropped to 14,883 shares worth approximately $0.35 million following the completion of this transaction.
Also, Weissman Kenneth Ian sold 6,309 shares, netting a total of over 160,927 in proceeds. Following the sale of shares at $25.51 each, the insider now holds 25,139 shares.
Before that, WELTON MARK had sold 39,432 shares from its account. In a trade valued at $1,005,741, the President, IMAX Theatres traded Imax Corp shares for $25.51 each. Upon closing the transaction, the insider’s holdings decreased to 39,432 shares, worth approximately $2.61 million.
As published in their initiating research note from Seaport Research Partners on July 24, 2024, Imax Corp [IMAX] has been a Buy and the price target has been revised to $23. Analysts at Barrington Research resumed the stock at ‘”an Outperform”‘ outlook in a report released in late April. As of December 05, 2022, B. Riley Securities has reiterated its “Buy” rating for IMAX. Earlier on October 12, 2022, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for IMAX stock.
Analyzing IMAX Stock Performance
During the last five days, there has been a surge of approximately 2.00%. Over the course of the year, Imax Corp shares have dropped approximately -8.24%. Shares of the company reached a 52-week high of $25.63 on 01/02/25 and a 52-week low of $22.35 on 01/16/25. A 50-day SMA is recorded $24.78, while a 200-day SMA reached $20.24. Nevertheless, trading volume fell to 0.63 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Imax Corp (IMAX)
According to the 24-hour chart, there is a support level at 23.25, which, if violated, would cause prices to drop to 23.00. In the upper region, resistance lies at 23.86. The next price resistance is at 24.22. RSI (Relative Strength Index) is 44.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 66.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
