Ingram Micro (IM) Shares are Up 2.29%

Ingram Micro (IM) : Traders are bullish on Ingram Micro (IM) as it has outperformed the S&P 500 by a wide margin of 2.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.13%, 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 2.29% in the last 1 week, and is up 2.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 3.11%.The 200 Day SMA reached 5.83%


Ingram Micro (NYSE:IM): After opening at $36.01, the stock dipped to an intraday low of $35.52 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.34 and the buying power remained strong till the end. The stock closed at $35.66 for the day, a gain of 3.24% for the day session. The total traded volume was 2,313,870. The stocks close on the previous trading day was $35.66.

Ingram Micro (IM) : 3 Wall Street analysts covering Ingram Micro (IM) believe that the average level the stock could reach for the short term is $36.63. The maximum price target given is $39 and the minimum target for short term is around $35, hence the standard deviation is calculated at $2.03.

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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