The Sr VP, Finance & Controller of IMAX Corp (NYSE: IMAX) is Selling Shares

By Carrie Williams

Today, the Sr VP, Finance & Controller of IMAX Corp (NYSE: IMAX), Jeff Vance, sold shares of IMAX for $59.63K.

See today’s analyst top recommended stocks >>

Based on IMAX Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $84.98 million and quarterly net profit of $8.51 million. In comparison, last year the company earned revenue of $68.66 million and had a net profit of $75K. IMAX’s market cap is $1.49B and the company has a P/E ratio of 141.17. Currently, IMAX Corp has an average volume of 424.7K.

Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $28.57, reflecting a -16.7% downside.

Jeff Vance’s trades have generated a -3.9% 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

IMAX Corp. is an entertainment technology company, which focuses in motion picture technologies and presentations. It operates through following business segments: IMAX systems; Theater System Maintenance; Joint Revenue Sharing Arrangements; Film Production and IMAX DMR; Film Distribution; Film Post-Production; and Other.