Shares of Ingram Micro (IM) Rally 0.96%

Ingram Micro (IM) : During the past 4 weeks, traders have been relatively bearish on Ingram Micro (IM), hence the stock is down -1.82% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.52% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.96% in the last 1 week, and is up 2.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.08% and the 50-Day Moving Average is 2.84%.

Ingram Micro (NYSE:IM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.33 and $35.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.64, notching a gain of 1.31% for the day. The total traded volume was 1,448,575 . The stock had closed at $35.18 on the previous day.


The company Insiders own 3.6% of Ingram Micro shares according to the proxy statements. Institutional Investors own 89.69% of Ingram Micro shares. In a related news, The officer (EVP & Pres., Mobility), of Ingram Micro Inc, Gupta Shailendra had unloaded 34,513 shares at $35.77 per share in a transaction on February 18, 2016. The total value of transaction was $1,234,530. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Ingram Micro Inc. (Ingram Micro) is an information technology (IT) supply chain management, mobile device lifecycle services and logistics solutions company. The Company distributes and markets technology products all over the world from the industrys computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, consumer electronics (CE), unified communication and collaboration, automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. The Company has operations in 38 countries, spanning all global regions: North America, Europe, Asia-Pacific and Latin America. The Company also operates support centers in Argentina, Bulgaria, Costa Rica, India, Philippines and Puerto Rico.

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