Why IMAX Shares Are Shooting Higher Today
Portfolio Pulse from Nabaparna Bhattacharya
IMAX Corporation (NYSE:IMAX) recorded a significant $35 million at the global box office from the release of Christopher Nolan's 'Oppenheimer' on 740 screens worldwide, marking one of the company's biggest weekends. In North America, the film opened to $21.1 million, with IMAX accounting for 26.2% of the domestic box office from 411 screens. The company's shares are trading higher by 5.24% at $17.27.
July 24, 2023 | 1:48 pm
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IMAX Corporation's successful release of 'Oppenheimer' has led to a significant increase in its global box office revenues and a rise in its stock price.
The successful release of 'Oppenheimer' has significantly boosted IMAX's global box office revenues, indicating strong demand for the company's services. This positive news has also led to an increase in the company's stock price, reflecting investor confidence in its performance.
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