17:39:22 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Cineplex Inc
Symbol CGX
Shares Issued 63,684,281
Close 2024-03-28 C$ 7.37
Market Cap C$ 469,353,151
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Globe says Cineplex insiders bet the big screen is back

2024-04-01 07:38 ET - In the News

The Globe and Mail reports in its Saturday, March 30, edition that while 2023 sales at movie theatre operator Cineplex grew by 25.9 per cent to $1.4-billion, the past 12 months have been a flop for the share price. The Globe's guest columnist Ted Dixon writes in the Who Is Buying and Selling column that as the stock headed on a journey to set a 52-week low last month, insiders were buying. Since Feb. 28, four Cineplex insiders have spent a total of $185,011 buying shares. The 24,500 shares were purchased at an average price of $7.55. The most recent buying was on March 21 when chief operating officer Daniel McGrath bought 10,000 shares at $7.51. The Globe reported on Sept. 28, Nov. 24 and Jan. 17 that National Bank Financial analyst Adam Shine continued to rank Cineplex "outperform." The shares could then be had for $8.87, $8.35 and $8.11. The Globe reported on March 7, that BMO Capital analyst Tim Casey reinstated coverage of Cineplex with a "market perform" rating. The shares could then be had for $7.77. The Globe reported on March 8 that Scotia Capital analyst Maher Yaghi had reaffirmed his "sector outperform" recommendation for Cineplex. The shares were then going for $7.72.

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