Is Imax Corp (IMAX) Stock About to Get Hot Friday?

Imax Corp (IMAX) stock is up 7.87% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Imax Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IMAX!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With IMAX Stock Today?

Imax Corp (IMAX) stock is trading at $16.99 as of 12:05 PM on Friday, May 27, an increase of $0.94, or 5.86% from the previous closing price of $16.05. The stock has traded between $16.63 and $17.08 so far today. Volume today is 589,838 compared to average volume of 677,788. To screen for more stocks like Imax Corp click here.

More About Imax Corp

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 1,650 today and increased the annual number of Imax releases from 13 in 2007 to 60 in 2019. Click Here to get the full Stock Report for Imax Corp stock.