Imax Corporation (IMAX) Soars 3.74%

Imax Corporation (IMAX) Soars 3.74%

Imax Corporation is a Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters.

Imax Corporation (IMAX) had a good day on the market for Friday December 04 as shares jumped 3.74% to close at $14.70. About 1.14 million shares traded hands on 8,829 trades for the day, compared with an average daily volume of n/a shares out of a total float of 58.86 million. After opening the trading day at $14.52, shares of Imax Corporation stayed within a range of $14.84 to $14.21.

With today’s gains, Imax Corporation now has a market cap of $865.26 million. Shares of Imax Corporation have been trading within a range of $22.36 and $6.02 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Instead, the firm generates revenue via selling and leasing the required proprietary equipment and via fees for digitally remastering standard films into the proprietary Imax format. The firm has expanded from 210 commercial theaters in 2008 to over 950 today and increased the annual number of Imax releases from 13 in 2007 to 46 in 2015.

Imax Corporation is based out of Mississauga, ON and has some 673 employees. Its CEO is Richard L. Gelfond.

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