Why IMAX Stock Soared on Monday

IMAX stock surged 6.60% as the company reported record-breaking performance driven by Christopher Nolan's 'The Odyssey,' which generated $221 million in IMAX ticket sales in July alone. The film achieved the fastest IMAX release to reach $200 million in ticket sales and propelled IMAX to its most successful month in history with $257 million in box-office revenue, 47% higher than the previous record. The company also announced an upcoming IMAX run for 'Spider-Man: Brand New Day' following strong openings in Asian markets.