Shares in Imax rose sharply following reports of interest from potential buyers.
The Wall Street Journal reported that the company has attracted the attention of possible acquirers. This comes as major studios work to draw audiences back to theaters with immersive big screen experiences.
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Dell Technologies reported robust results that drove its stock up more than 30 percent. The company raised its fiscal 2027 revenue guidance by 27 billion dollars and nearly 5 dollars in earnings per share. Artificial intelligence server revenue jumped 757 percent year over year.
Imax's revenues and profits fell in the first quarter of 2026, despite strong performances from 'Avatar: Fire and Ash' and 'Project Hail Mary.' The company posted $81 million in revenue, down 6.5% from last year, and net income of $6.2 million, down 26%. Results beat Wall Street expectations.
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SpaceX made its historic NASDAQ debut on Friday with shares closing 19% higher. The company's valuation surged past $2 trillion, making it the sixth-largest U.S. firm by market value. The IPO raised $75 billion despite a reported loss last year.
Retail and high net worth traders have reached record levels in stock futures, driven by bullish momentum in mid and smallcap stocks. The shift occurs as headline indices trade in a narrow range.
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Asian stocks reached a record high amid gains in technology shares and reduced geopolitical tensions. South Korea's SK Hynix achieved a $1 trillion market capitalization. Hopes for a US-Iran peace deal supported equity markets despite mixed US consumer confidence figures.
Indian equities rose more than 1 percent on Monday amid optimism over a potential peace deal between the United States and Iran. Broader Asian stocks also posted modest gains following the news. Traders reduced bearish positions as crude oil prices eased.
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Japan's Nikkei 225 Stock Average surged 5.6 percent to close at a record 62,833.84 on optimism about a potential U.S.-Iran agreement.