Ingram Micro (IM) : Traders are bullish on Ingram Micro (IM) as it has outperformed the S&P 500 by a wide margin of 0.84% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.09%, 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 0.06% in the last 1 week, and is up 1.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ingram Micro Inc. is up 2.63% in the last 3-month period. Year-to-Date the stock performance stands at 14.15%. The stock has recorded a 20-day Moving Average of 1.38% and the 50-Day Moving Average is 0.04%.
Ingram Micro (NYSE:IM): The stock was completely flat for the day, closing at $34.68 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $34.58, the stock touched an intraday high of $34.72 and a low of $34.57. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $34.68. The total trading volume on Friday was 356,110.
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.