Can AMC, Regal, and Imax Bounce Back After Last Week's Drop?
Last week was a rough one for investors hoping to cash in on the multiplex industry. Shares of leading movie theater operators AMC Entertainment (NYSE: AMC) and Regal Entertainment (NYSE: RGC) tumbled 11% and 12%, respectively, as competitive pressures started to mount and value propositions started to blur.
IMAX (NYSE: IMAX) also saw its shares slide 4% on the week. It was spared the same kind of carnage that the two exhibitors suffered, but it's not as if IMAX investors can rest easy. IMAX stock has declined in 13 of the past 15 weeks, shedding more than 40% in the process.
Image source: IMAX.
Source: Fool.com
Imax Corp. Stock
€17.40
6.750%
The stock is one of the favorites of our community with 32 Buy predictions and 1 Sell predictions.
As a result the target price of 22 € shows a positive potential of 26.44% compared to the current price of 17.4 € for Imax Corp..
