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Stock impact report

IMAX (IMAX) Stock Trades Up, Here Is Why [Yahoo! Finance]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: Yahoo! Finance
The investment bank increased its price forecast for the shares to $47.00 from a previous $32.00. Analysts at the firm cited the company's strong upcoming film slate as a key reason for the positive change. The upcoming movie lineup included major releases such as "Avatar: Fire and Ash," "The Odyssey," and "Narnia." JP Morgan also noted that increasing fan demand was driving network expansion, with management seeing a total addressable market of approximately 4,500 systems, suggesting significant room for growth as the current penetration was under 40%. After the initial pop the shares cooled down to $39.23, up 2.8% from previous close. Is now the time to buy IMAX? Access our full analysis report here IMAX's shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Show less Read more
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