Ingram Micro (NYSE:IM) has been under a strong bear grip, hence the stock is down -1.34% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.01% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.29% in the last 1 week, and is up 0.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 43.03% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $36.66 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $34.87 and the 200 Day Moving Average price is recorded at $33.38.
The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 1.89%.
Ingram Micro (NYSE:IM): stock turned positive on Friday. Though the stock opened at $35.26, the bulls momentum made the stock top out at $35.39 level for the day. The stock recorded a low of $35.155 and closed the trading day at $35.3, in the green by 0.71%. The total traded volume for the day was 922,072. The stock had closed at $35.05 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Gupta Shailendra, officer (EVP & Pres., Mobility) of Ingram Micro Inc, had unloaded 34,513 shares at an average price of $35.77 in a transaction dated on February 18, 2016. The total value of the transaction was worth $1,234,530.
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.