Movie Theater Stocks, Led By Imax, Post Gains After China Box Office Eruption

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Exhibition stocks, paced by Imax, are moving higher as investors react to explosive weekend box office in China and a belief that Stateside theaters may soon see a similar release of pent-up demand…

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The scene is different in North America, of course, with less than 40% of theaters able to operate due to ongoing coronavirus restrictions. The LA and New York markets have been closed for nearly a solid year. Nevertheless, many analysts covering Imax weighed in with positive reactions based on the weekend wave, pointing to the company’s rising fortunes as a bellwether for exhibition in the West.

 

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