Here's Why Imax (IMAX) is a Strong Momentum Stock
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In December, Imax CEO Rich Gelfond opened the door to a sale. Yet, no major suitors have appeared despite the company's record box office success and strong stock growth.
NEW YORK--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) today announced that the Company will participate in: the BofA Securities 2026 Media, Communications and Entertainment Conference and Goldman Sachs Communacopia + Technology 2026 Conference. Event: BofA Securities 2026 Media, Communications and Entertainment Conference Location: New York, NY Fireside Date: Wednesday, September 9th Fireside Time: 9:40 a.m. ET (6:40 a.m. PT) IMAX Executive: Rich Gelfond, CEO Event: Goldman Sachs Communacopi.
Audiences love IMAX's immersive movie experiences. Rising theater system installations should fuel the cinema tech leader's earnings growth.
IMAX shares soared by 3.9% to a record high at the New York Stock Exchange today as the worldwide popularity of the film “The Odyssey” gives a big lift to business at the U.S.-Canadian film technology supplier.
The sale of 15,000 common shares generated ~$786,000 based on a weighted average price of $52.41 per share. This transaction reduced the insider's direct common stock holdings by 26%.
IMAX Corporation (IMAX) shares are up over 16% since late July.
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"The Odyssey" is continuing its record-breaking run. Movie-goers continue to pay up for a premium experience.
This film is bringing in scores of audience members for the company. It also propelled IMAX to the most successful box-office month in its history.
Imax shares hit an all-time high Monday. The move came after the company posted its third weekend in a row of more than $50 million in global ticket sales.
“We are all witness to history with Christopher Nolan's ‘The Odyssey,' which seems intent on shattering all IMAX box office records in its path as its journey at the box office and around the world continues,” Gelfond said. “[The film] is a singular achievement in filmmaking and its box office trajectory is no less groundbreaking: it continues to defy gravity in a way few films ever have, making it virtually impossible to predict how high it will ultimately soar.
Christopher Nolan's The Odyssey is keeping its momentum from a massive opening weekend as it enters its third week in theaters.
NEW YORK--(BUSINESS WIRE)--IMAX® Corporation (NYSE: IMAX) today announced that Sony Pictures' Spider-Man: Brand New Day will expand across the IMAX network into North America beginning Thursday, August 6. The move follows a strong IMAX opening for the film in China, Japan and South Korea, where it generated $23 million at the IMAX box office. In China, the film earned $19 million in IMAX, delivering the biggest IMAX opening weekend in Spider-Man franchise history, while accounting for a franchi.
Fans are traveling from all over the world to watch the blockbuster movie displayed in IMAX's most premium format. The film is generating "staggering" sales results for IMAX.
This is a developing story. Check back for updates.
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A splashy movie drove audiences to the large-format cinemas. Imax posted the highest-grossing second weekend in its history by showing the epic.
LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Theatres® (NYSE: AMC), the largest theatrical exhibitor in the United States and the world, today announced that THE ODYSSEY delivered a remarkable second weekend at the box office, helping AMC achieve its most successful IMAX run in AMC's history through the first two weekends of a film's initial release. After opening to a domestic debut of approximately $124.5 million, THE ODYSSEY continued its impressive run at the box office in its second weekend, genera.