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CIDM Stock: 7 Things for Investors to Know About Streaming Play Cinedigm

Cinedigm (NASDAQ:CIDM) stock is on the rise Wednesday as investors take interest in the video streaming company.

Image of Cinedigm (CIDM) logo in a black web browser, amplified by a magnifying glass.
Source: Pavel Kapysh /

Alongside the rise in CIDM share prices comes an increase in trading as well. As of this writing, more than 74 million shares of CIDM stock have changed hands. That’s a major jump from the company’s daily average trading volume of 7.61 million shares.

So why are investors taking such an interest in CIDM stock this morning? A few announcements from yesterday may be behind the movement. The company announced plans to expand to other regions thanks to a partnership with Spherex. It also announced the reduction of its total debt by $24.4 million and an additional deal with The Weather Channel.

All that’s well and good, but let’s take a deeper dive into the company.

  • Cinedigm is a streaming service company that provides content to media, technology, and retail companies.
  • This has it providing companies with various networks to choose from.
  • These networks include focuses on family and kids, martial arts, Millenial women, and more.
  • Another of its services is offering digital cinema in the U.S.
  • Its partners in this space include 20th Century Fox, Disney (NYSE:DIS), DreamWorks, Lionsgate, Paramount, Sony (NYSE:SNE), Universal, Warner Brothers, Weinstein, as well as independent distributors.
  • The company was founded in 2000 and is based out of Los Angeles, Calif.
  • It went public in 2003 when it listed on the Nasdaq.

CIDM stock was up 11.9% as of Wednesday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Article printed from InvestorPlace Media,

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