Why IMAX Stock Jumped This Week
Shares of IMAX (NYSE: IMAX) rose sharply this past week, following reports that the entertainment technology supplier is courting potential acquirers.
Image source: Getty Images.
IMAX is reportedly exploring a sale to a larger entertainment company, according to The Wall Street Journal. Investors should note, however, that talks are in the preliminary stages and may prove unfruitful.
Source Fool.com
Imax Corp. Stock
€41.00
-2.840%
With 38 Buy predictions and not a single Sell prediction Imax Corp. is an absolute favorite of our community.
On the other hand, the target price of 40 € is below the current price of 41.0 € for Imax Corp., so the potential is actually -2.44%.
