Why do MovieStocks® adjust in price?
A MovieStock will adjust in price after its opening weekend in order to bring the expected box office gross in line with the actual box office gross . On average, a film makes 2.7 times its opening weekend box office during its first four weeks of wide release. Typically, a MovieStock is halted on its wide release date and price adjusted on the Sunday of its opening weekend.
So IRNM2 halted on Friday 7th May 2010 at H$394.69 a share and adjusted to 2.7 x $133.60 (what it made on its Opening Weekend) to $360.72 a share on Sunday 9th May 2010. The price will remain halted until Monday morning when it will (up or down) depending on people buying/selling/shorting/covering.
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