IMAX CEO Richard Gelfond sold 100,000 shares on August 20. The transaction generated approximately $5.3 million in proceeds. Gelfond offloaded a total of 456,757 shares between August 18 and August 20. These sales were executed under a pre-arranged Rule 10b5-1 trading plan.
Bank of America Corp DE sold 67,594 IMAX shares on August 21. The combined selling activity occurred as the stock traded near its 12-month high. This volume of insider and institutional selling suggests profit-taking and may create near-term price headwinds.