News stories about Imax (NYSE:IMAX) have trended somewhat positive on Monday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Imax earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.2523588753408 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- ‘Black Panther’ Continues To Make B.O. History: $195M+ Opening Beats ‘Ultron’ & 4-Day Eyeing $225M+: Sunday Final (msn.com)
- Analysts Insights on Imax Corp (IMAX) – Emn News (emnnews.com)
- VR theatre for Paragon (bangkokpost.com)
- Entertainment Stocks’ Research Reports Released on Global Eagle, IMAX, Lions Gate, and Live Nation – PR Newswire (press release) (prnewswire.com)
- OMSI To Share ‘Remarkable Story’ Of 19th Century Amazon Explorer (patch.com)
IMAX has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $35.00 price objective on shares of Imax in a report on Monday, December 11th. Wedbush set a $30.00 price objective on shares of Imax and gave the company a “buy” rating in a report on Monday, January 8th. Canaccord Genuity set a $32.00 price objective on shares of Imax and gave the company a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research lowered shares of Imax from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Piper Jaffray Companies lowered shares of Imax from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $28.00 to $21.00 in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.30.
In other Imax news, CEO Greg Foster sold 3,566 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $23.97, for a total transaction of $85,477.02. Following the completion of the transaction, the chief executive officer now owns 74,696 shares of the company’s stock, valued at $1,790,463.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert D. Lister sold 3,528 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $23.97, for a total transaction of $84,566.16. Following the completion of the transaction, the insider now directly owns 35,594 shares of the company’s stock, valued at approximately $853,188.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,050 shares of company stock valued at $425,276. 18.90% of the stock is currently owned by insiders.
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IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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