Ingram Micro (IM) : During the past 4 weeks, traders have been relatively bearish on Ingram Micro (IM), hence the stock is down -6.32% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.44% relative to the S&P 500. The 4-week change in the price of the stock is -3.99% and the stock has fallen -1.02% in the past 1 week.
Ingram Micro (NYSE:IM): The stock opened at $33.90 on Friday but the bulls could not build on the opening and the stock topped out at $34.06 for the day. The stock traded down to $33.67 during the day, due to lack of any buying support eventually closed down at $33.89 with a loss of -0.12% for the day. The stock had closed at $33.93 on the previous day. The total traded volume was 976,566 shares.
The stock has recorded a 20-day Moving Average of 1.93% and the 50-Day Moving Average is 2.51%. Ingram Micro Inc. has dropped 1.2% during the last 3-month period . Year-to-Date the stock performance stands at 11.55%.
Ingram Micro (IM) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $35. The average forecast of all the analysts is $35.5 and the expected standard deviation is $0.71.
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.