Ingram Micro (IM) Shares are Up 2.27%

Ingram Micro (IM) has been under a strong bear grip, hence the stock is down -3.74% 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 2.22% in the past 1 week. The stock has risen by 2.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.75% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.95% and the 50-Day Moving Average is 0.11%. Ingram Micro (NYSE:IM): stock turned positive on Friday. Though the stock opened at $34.55, the bulls momentum made the stock top out at $34.74 level for the day. The stock recorded a low of $34.44 and closed the trading day at $34.66, in the green by 0.43%. The total traded volume for the day was 596,580. The stock had closed at $34.51 in the previous days trading.


The company Insiders own 3.6% of Ingram Micro shares according to the proxy statements. Institutional Investors own 85.97% of Ingram Micro shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.