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International Media Acquisition (NASDAQ:IMAQ) Stock Price Down 3.2% - Time to Sell?

International Media Acquisition logo with Consumer Discretionary background

Key Points

  • International Media Acquisition Corp. (NASDAQ: IMAQ) shares fell 3.2%, trading at $10.20 after reaching a low during the session.
  • The company experienced a notable increase in trading volume, with 1,200 shares traded, marking a 130% rise from its average session volume.
  • International Media Acquisition currently lacks significant operations and aims to engage in a business combination within the media and entertainment sector.
  • Interested in International Media Acquisition? Here are five stocks we like better.

International Media Acquisition Corp. (NASDAQ:IMAQ - Get Free Report)'s stock price traded down 3.2% on Wednesday . The company traded as low as $10.20 and last traded at $10.20. 1,200 shares changed hands during mid-day trading, an increase of 130% from the average session volume of 522 shares. The stock had previously closed at $10.54.

International Media Acquisition Stock Up 7.6%

The stock's 50 day moving average price is $10.53 and its two-hundred day moving average price is $10.45.

International Media Acquisition Company Profile

(Get Free Report)

International Media Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. International Media Acquisition Corp.

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