Cineplex Inc. ( TSE:CGX – Get Free Report ) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$11.51 and traded as high as C$13.11. Cineplex shares last traded at C$12.74, with a volume of 696,241 shares changing hands.
Cineplex News Summary Here are the key news stories impacting Cineplex this week:
Get Cineplex alerts: Positive Sentiment: Potential sale creates takeover optionality: Cineplex has launched a Board-led review of strategic alternatives, which may include a sale of the company. Although no transaction is assured, the process could attract bidders or prompt other actions intended to enhance shareholder value. Cineplex names Bill Walker as CEO, initiates review that could include sale Positive Sentiment: New CEO brings industry experience: Bill Walker has been appointed chief executive, effective immediately. His background as a veteran cinema executive and former head of Landmark Cinemas may reassure investors that Cineplex is bringing in experienced leadership during an important strategic period. Cineplex appoints Bill Walker as chief executive officer and announces strategic review Positive Sentimen...