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Stock Market & Financial Investment News

News Breaks
March 25, 2014
15:51 EDTCNK, RGC, AMC, CKEC, IMAXMPAA says global box office grew to $35B in 2013, LA Times reports
A report from the Motion Picture Association and the National Association of Theatre Owners estimated that global movie ticket sales climbed to a record $35B in 2013, with international markets accounting for $25B of that figure, reported The Los Angeles Times, citing a presentation by the chairman of the MPAA at the annual CinemaCon trade show. Publicly traded companies in the movie industry include IMAX (IMAX), AMC Entertainment (AMC), Carmike Cinemas (CKEC), Cinemark (CNK), and Regal Entertainment (RGC). Reference Link
News For IMAX;AMC;RGC;CKEC;CNK From The Last 14 Days
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September 2, 2015
06:50 EDTIMAXIMAX China concerns provide an attractive entry point, says B. Riley
B. Riley said shares of IMAX are off by 30% since the mid-June peak given recent volatility in China. The firm said there is a low historical correlation with the economy and box office and notes China's box office trends remain strong. B. Riley said the weakness is an overreaction and provides an attractive entry point in shares. The firm rates IMAX a Buy with a $53 price target on shares.
05:48 EDTIMAXIMAX pullback brings attractive entry point, says B. Riley
B. Riley analyst Eric Wold attributes the 30% pullback in shares of IMAX since their mid-June peak to concerns around China. Investors are concerned that China's weak stock market could impact box office trends and put the planned IMAX China IPO at risk, Wold tells investors in a research note. The analyst, however, notes that correlations between economic changes and box office growth are historically very low, and that IMAX has a "strong" film slate for the remainder of the year. Further, he believes risk of a delayed IPO is already more than reflected in the shares. Wold points out his price target of $53 represents 75% upside from current share levels. He sees an attractive entry point and keeps a Buy rating on IMAX.
August 31, 2015
16:08 EDTAMCBarrington to hold a conference
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August 28, 2015
17:00 EDTRGCRegal Entertainment files automatic mixed securities shelf
06:57 EDTCKECCarmike Cinemas management to meet with Barrington
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August 27, 2015
11:15 EDTCKECCarmike Cinemas shares oversold according to a Seeking Alpha Pro article
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August 26, 2015
15:05 EDTIMAXNew 'Star Wars' film will monopolize IMAX for a month, Hollywood Reporter says
Disney's (DIS) "Star Wars: The Force Awakens," which will be released December 18, will have four weeks of IMAX (IMAX) large-format screens to itself, according to the Hollywood Reporter, after IMAX reserved all of its screens for the movie for a month, something the company hasn't done since a similar deal with The Hobbit movies four years ago. Reference Link
10:00 EDTRGCOn The Fly: Analyst Upgrade Summary
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06:24 EDTRGCRegal Entertainment upgraded to Buy from Long-Term Buy at Hilliard Lyons
Hilliard Lyons upgraded Regal Entertainment to Buy from Long-Term Buy based on valuation and maintained its $22 price target.
August 21, 2015
08:19 EDTCNKCinemark to hold a conference call
Management announces that as of August 24, 2015, Tim Warner will be stepping down as CEO and Mark Zoradi will be named the new CEO on a conference call to be held on August 21 at 10 am.

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