Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Imax Corp shares valued at $616,630 were sold by Demirian Eric A on Feb 24 ’25. At $26.81 per share, Demirian Eric A sold 23,000 shares. The insider’s holdings dropped to 35,007 shares worth approximately $0.86 million following the completion of this transaction.
Also, Fernandes Natasha sold 2,957 shares, netting a total of over 75,448 in proceeds. Following the sale of shares at $25.52 each, the insider now holds 14,883 shares.
Before that, Weissman Kenneth Ian had sold 6,309 shares from its account. In a trade valued at $160,927, the Deputy GC, Corp. Sec. & CCO traded Imax Corp shares for $25.51 each. Upon closing the transaction, the insider’s holdings decreased to 6,309 shares, worth approximately $0.62 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 drop of approximately -3.08%. Over the course of the year, Imax Corp shares have dropped approximately -4.02%. Shares of the company reached a 52-week high of $27.77 on 02/21/25 and a 52-week low of $22.35 on 01/16/25. A 50-day SMA is recorded $24.73, while a 200-day SMA reached $21.49.
Support And Resistance Levels for Imax Corp (IMAX)
According to the 24-hour chart, there is a support level at 24.32, which, if violated, would cause prices to drop to 24.07. In the upper region, resistance lies at 24.81. The next price resistance is at 25.05. RSI (Relative Strength Index) is 41.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.13, which suggests the price will decrease in the coming days. Percent R is at 92.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
