Tag Archives: IMAX

Why Imax Stock Jumped More Than 8% Today

What happened

Shares of larger-than-life cinema technologist Imax (NYSE:IMAX) closed Monday’s trading 8.4% higher, having risen 10.2% earlier in the day. The stock rose thanks to an impressive second-weekend showing of Walt Disney’s (NYSE:DIS) latest superhero movie.

So what

Shang-Chi and the Legend of the Ten Rings dominated the box office in its second week, collecting domestic ticket sales of $35.8 million. By comparison, Free Guy from another Disney-owned subsidiary, 20th Century Studios, landed in second place with a domestic showing worth $5.8 million.....More>>>