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Why Cinedigm Shares Closed 10.6% Higher on Wednesday

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Why Cinedigm Shares Closed 10.6% Higher on Wednesday
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Shares of Cinedigm (NASDAQ: CIDM) closed Wednesday 10.6% higher, and the trading volume was more than double the average over the last three months. The company had no particular news of its own today, but Cinedigm is scheduled to report first-quarter 2022 results on Thursday evening. Cinedigm used to be a digital content distributor with a tight focus on the cinema industry.