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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-1.190%
With 35 Buy predictions and 1 Sell predictions Imax Corp. is one of the favorites of our community.
With a target price of 36 € there is a slightly positive potential of 8.43% for Imax Corp. compared to the current price of 33.2 €.
