Volume Spike Investor

IMAX CORP. (NASDAQ: IMAX) has just seen a s large volume spike on trading in its common stock.  Shares were already up on the day.  But one of its officers was just on CNBC discussing the growth plans and the direction of the company and caused an extra flurry of buying.  At 12:56 PM EST we have seen a gain of 8% to $7.96 on 568,000 shares.

Another part of today’s interest is the new “Batman: The Dark Knight” which had some 30 minutes filmed with IMAX cameras and that this will be seen on IMAX screens.

Its average volume is only 155,00 shares and the 52-week trading range is $3.72 lows and the high is listed as $7.94.  So today’s intraday high print of $7.98 will mark a new 52-week high.

Jon Ogg
July 18, 2008