Shares of entertainment technology company IMAX Corporation (IMAX) are rising more than 4% Wednesday morning after the company announced $200 million increase in its share buyback program, bringing it to $400 million.
The company is now authorized to buy back shares of up to $225.0 million approximately, which includes about $25 million remaining from the initial authorization in 2017, through June 30, 2023, the company said.
IMAX, currently at $15.17, has traded in the range of $14.00-$22.10 in the past 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.