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IMAX Surges: Stock Moves 5.2% Higher

IMAX Corporation IMAX was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 14.9% in the past one-month time frame.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

IMAX currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

 

IMAX Corporation Price

IMAX Corporation Price

IMAX Corporation price | IMAX Corporation Quote

 

A better-ranked stock in the Consumer Discretionary sector is World Wrestling Entertainment Inc WWE, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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