Why IMAX Stock Got Mashed on Monday
On Monday, a judge's ruling that affected a peer company of (NYSE: IMAX) put pressure on the big-screen film exhibitor and technology specialist. Investors were skittish about buying entertainment stocks, and IMAX closed the day nearly 2% down in price.
A district court judge in California ordered Paramount Skydance to pause its planned acquisition of fellow major Hollywood studio Warner Bros. Discovery. The case was brought by the attorneys general (AGs) of 12 states; sensibly enough, as it's where the entertainment industry is still centered, California led the effort.
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Source Fool.com
Imax Corp. Stock
€41.00
-2.840%
The stock is an absolute favorite of our community with 38 Buy predictions and no Sell predictions.
However, we have a potential of -2.44% for Imax Corp. as the target price of 40 € is below the current price of 41.0 €.
