IMAX stock up to $12.49 a share
December 11, 2009 – 6:31 pmWall St. Nation reports:
IMAX Corporation (IMAX) hit $12.49 a share today and over the past 52-weeks has traded as low as $2.67. In 2009 shares of IMAX are up 173% and that trend could continue thanks to James Cameron’s AVATAR which opens on Dec 18th. In 2010 IMAX looks forward to March’s release of Alice in Wonderland and the next Twilight Saga will be released at IMAX.
BloggingStocks adds:
IMAX Corporation (IMAX) traded more like CLIMAX than anything else. The stock saw active options trading early on and shares rose on strong volume ahead of the hit Avatar due out in theaters this month. Shares were up 7.5% at $12.65 late in the day.
UPDATE: More news on IMAX’s profitability from around the web:
Canadian Business Online: Imax at the climax
Wall St. Nation: IMAX Corp. 2010 Options Move Big
Volume Spike Investor: IMAX Options & Stock Breakout Alerts
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