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IMAX Stock Crests Buy Point On Pre-Odyssey Earnings Surge
Investor's Business Daily63d agobullish
IMAX Stock Crests Buy Point On Pre-Odyssey Earnings Surge

IMAX stock projected an early entry buy signal on Thursday morning as a Q2 earnings beat added to momentum from its best-ever opening weekend. Christopher Nolan's "The Odyssey," the first-ever theatrical release shot in IMAX's largest and highest-resolution film format, delivered a record-breaking $52 million first-weekend haul for the immersive IMAX theaters alone. The blockbuster opening helped send AMC Entertainment past an early buy point on Monday but the liftoff for IMAX shares was postponed until after earnings.