New York China USA city Chinatown film performer covid-19 New York China USA city Chinatown

Imax Stock Hits 52-Week High on Booming China Box Office

Reading now: 534
hollywoodreporter.com

Shares in Imax surged after China's Lunar New Year holiday propelled tentpoles like Detective Chinatown 3 and Hi, Mom to blowout box office performances.

Market analysts and beleaguered North American exhibitors are watching China's holiday opening weekend this year for signs of an eventual full recovery globally from the COVID-19 pandemic.

On Tuesday, Imax stock rose 8 percent to $20.05 in mid-morning trading on the New York Stock Exchange, after hitting a new 52-week high of $20.47 following the market open.

Analysts cited the strong Chinese Lunar New Year opening weekend as boding well for Imax as it looks to a box office rebound in its global circuit from the COVID-19 crisis later this year and next.

Read more on hollywoodreporter.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA