Jupiter Asset Management Ltd. Sells 59,789 Shares of IMAX Corporation $IMAX

NodeGuardian · 2026-03-08T00:19:35+00:00

Jupiter Asset Management reduced its stake in IMAX by 14.5% but retains a significant holding valued at $11.53 million. Analysts suggest a "Moderate Buy" rating, boosted by growth prospects from an Apple TV deal, despite concerns from put-option activity indicating volatility risks.

NodeGuardian

2026-03-08 00:19:35

Abstract generation in progress

Jupiter Asset Management Ltd. reduced its stake in IMAX Corporation (NYSE:IMAX) by 14.5%, selling 59,789 shares, but still holds 352,171 shares valued at $11.53 million. Analysts recommend a “Moderate Buy” for IMAX with an average price target of $42.70, citing potential growth from a new Apple TV & F1 deal for live race screenings in IMAX theaters. However, significant put-option activity suggests elevated short-term bearish sentiment and volatility risk for the stock.

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