Ingles Markets Inc (IMKTA) Files Form 4 Insider Selling : Sharp Laura Ingle Sells 5,000 Shares

Ingles Markets Inc (IMKTA): Sharp Laura Ingle , director of Ingles Markets Inc sold 5,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $38.52 per share for a total value of $192,612.28 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Sharp Laura Ingle (director) sold 5,000 shares at $38.51 per share price.On Dec 18, 2015, Brenda S Tudor (director) purchased 100 shares at $45.22 per share price.Also, On Feb 17, 2015, Robert P Ii Ingle (Chairman & CEO) sold 35,874 shares at $42.20 per share price.

Ingles Markets Incorporated: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Ingles Markets Incorporated which led to swings in the share price. The shares opened for trading at $38.16 and hit $38.67 on the upside , eventually ending the session at $38.45, with a gain of 1.05% or 0.4 points. The heightened volatility saw the trading volume jump to 69,961 shares. The 52-week high of the share price is $57.68 and the company has a market cap of $779 M . The 52-week low of the share price is at $31.77.

Ingles Markets Incorporated Money Flow Index Chart

Ingles Markets Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company operates 203 supermarkets including 73 in Georgia 70 in North Carolina 36 in South Carolina 21 in Tennessee two in Virginia and one in Alabama. The Company’s supermarkets are located in suburban areas small towns and neighborhood shopping centers. Ingles supermarkets offers customers a range of advertised food products including grocery meat and dairy products produce frozen foods and other perishables and non-food products. Non-food products include fuel centers pharmacies health and beauty care products and general merchandise. The Company also owns and operates a milk processing and packaging plant. The Company operates in retail grocery. The Company owns 154 of its supermarkets either in free-standing stores or as the anchor tenant in an owned shopping center. The Company also owns 19 undeveloped sites suitable for a free-standing store.

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