One of last week's biggest winners was IMAX (NYSE: IMAX), which rose 15.1% after announcing a deal for more of its supersized screens in China. IMAX also benefited from generally bullish box office trends and multiplex giant AMC Entertainment (NYSE: AMC)striking a deal to open the first new movie theater in Saudi Arabia in 35 years.
The AMC deal doesn't single out IMAX, but the transaction does potentially open up one more international market for IMAX to explore.Can IMAX Stock Keep Going After Last Week's 15% Pop?
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