Nice Day For IMAX

IMAX shares are seeing some inflows during Wednesday's trading session. The stock has risen around 4% to $27.88. On December 31, 2010 IMAX gapped significantly higher after a report in the Daily Mail suggested that Sony SNE may be looking to acquire the company at $40 a share. All of those gains were erased at the beginning of 2011, and IMAX closed the large gap that was created on its chart due to the takeover rumors. That level appears to be now serving as support, as the stock has surged once the gap was closed.