A Director at IMAX Corp is Exercising Options

By Carrie Williams

Today it was reported that a Director at IMAX Corp (IMAXResearch Report), Bradley Wechsler, exercised options to sell 12,000 IMAX shares at $19.95 a share, for a total transaction value of $276.1K. The options were close to expired and Bradley Wechsler disposed stocks.

In addition to Bradley Wechsler, 2 other IMAX executives reported Sell trades in the last month.

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IMAX’s market cap is $1.42B and the company has a P/E ratio of 63.80. Currently, IMAX Corp has an average volume of 324K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $28.00, reflecting a 19.9% upside.

The insider sentiment on IMAX Corp has been negative according to 33 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Bradley Wechsler’s trades have generated a -24.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through following four business segments: Network Business, Theater Business, New Business, and Other.