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
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-0.550%
With 38 Buy predictions and 1 Sell predictions Imax Corp. is one of the favorites of our community.
On the other hand, the target price of 36 € is below the current price of 36.4 € for Imax Corp., so the potential is actually -1.1%.
