IMAX: Interesting Trading Day

Filed under: Rumors, Walt Disney (DIS), Sony Corp ADR (SNE), Media World

IMAX (IMAX) finished 2010 with a wild trading day. With a little over two-and-a-half hours to go before the market bell, I had noticed that the stock was up an incredible 15.6% to $31.05. On heavy volume. Yes, heavy volume, on the last day of the year.



What was the reason? There was some speculation about a buyout. StreetInisder.com had reported that Sony (SNE) was possibly interested in buying the business. Disney (DIS) was also mentioned as a potential acquirer.

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IMAX: Interesting Trading Day originally appeared on BloggingStocks on Fri, 31 Dec 2010 18:00:00 EST. Please see our terms for use of feeds.

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