IMAX Corporation Stock News

IMAX Corp (NYSE:IMAX) is on track to report record third-quarter results, prompting Wedbush to raise its price target on the stock to $60 from $54 and reiterate its Outperform rating.  The firm expects global box office on IMAX screens to have reached a record $712 million for the quarter, well above its prior estimate of $401 million.

IMAX Corp (NYSE:IMAX)'s position looks secure for now, according to Wedbush, which poured water on a Bloomberg report that Disney has pushed to build a competing premium screen network.  According to Bloomberg, Disney has approached Skydance/Paramount Studios and Universal about forming a coalition to rival IMAX screens.

NEW YORK--(BUSINESS WIRE)--IMAX Corporation soared to its highest grossing summer ever at the global box office with $728 million in worldwide receipts from Memorial Day through Labor Day weekends — up a staggering 73% over its previous record set in 2023. Powered by the historic performance of Christopher Nolan's The Odyssey, the IMAX global network also delivered its greatest share ever of th...

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.

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.

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, makin...

Christopher Nolan's The Odyssey is keeping its momentum from a massive opening weekend as it enters its third week in theaters.