Why Cinedigm Shares Are Soaring Today

Why Cinedigm Shares Are Soaring Today

Shares of Cinedigm (NASDAQ: CIDM) rose sharply on Thursday, following a strategic buyout and an extremely bullish analyst report. Cinedigm, a producer and distributor of entertainment content with a deep focus on digital cinema and video-streaming channels, acquired independent-film distributor Fandor earlier this week. Just before Christmas, the company also picked up classic film and TV streamer The Film Detective.