Imax Corporation (IMAX) Plunges 8.37% on September 23

Equities Staff  |

Imax Corporation (IMAX) had a rough trading day for Wednesday September 23 as shares tumbled 8.37%, or a loss of $-1.1 per share, to close at $12.05. After opening the day at $13.05, shares of Imax Corporation traded as high as $13.23 and as low as $12.03. Volume was 1.17 million shares over 9,981 trades, against an average daily volume of n/a shares and a total float of 58.86 million.

As a result of the decline, Imax Corporation now has a market cap of $709.23 million. In the last year, shares of Imax Corporation have traded between a range of $22.50 and $6.02, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Imax Corporation, check out’s Stock Valuation Analysis report for IMAX.

Still paying commissions on stock trades? now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by

Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Instead, the firm generates revenue via selling and leasing the required proprietary equipment and via fees for digitally remastering standard films into the proprietary Imax format. The firm has expanded from 210 commercial theaters in 2008 to over 950 today and increased the annual number of Imax releases from 13 in 2007 to 46 in 2015.

Imax Corporation is based out of Mississauga, ON and has some 673 employees. Its CEO is Richard L. Gelfond.

Imax Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Imax Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: IMAX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

Trending Articles

The Variant and Volatility
The Daily Fix, Nov. 29, 2021
Jeff Bezos Donates $100 Million to Obama Foundation To Honor of Congressman John Lewis
GM To Begin Delivery of Hummer Electric Pickup Truck by Mid-December
Let the Inflation Battle Begin
Unemployment Claims Fall to 52-Year Low
Qualcomm CEO Cristiano Amon Shows How Company Will Grow: Jeff Kagan
Dollar Tree To Raise Base Prices to $1.25

Market Movers

Sponsored Financial Content