Shares of Ingram Micro (IM) Sees Large Outflow of Money

Ingram Micro (IM) : The total money flow in Ingram Micro (IM) was negative ($4.27 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $5.72 million. In comparison, the inflow of money into the stock on upticks was $1.45 million. The uptick to downtick ratio was 0.25. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $4.13 million. The negative money flow of ($4.13 million) confirms the selling in Ingram Micro (IM) on strength. Ingram Micro (IM) gained $0.16 at $35.09, a gain of 0.46% over the previous days close. However, the stock registered -1.54% in the week.


Ingram Micro (NYSE:IM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.96 and $34.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.08, notching a gain of 0.43% for the day. The total traded volume was 2,019,544 . The stock had closed at $34.93 on the previous day.

The stock has recorded a 20-day Moving Average of 0.32% and the 50-Day Moving Average is 1.08%. 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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