IMAX Corporation IMAX was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.95 to $29.80 in the past one-month time frame.
In the last 30 days, the company has seen four downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
IMAX Corp. currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock from the broader Consumer Discretionary sector is American Woodmark Corp. AMWD, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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