The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ingram Micro Holding Corp shares valued at $61,380,000 were sold by PLATINUM EQUITY, LLC on Nov 04 ’24. At $22.00 per share, PLATINUM EQUITY, LLC sold 2,790,000 shares. The insider’s holdings dropped to 210,952,854 shares worth approximately $3.84 billion following the completion of this transaction.
Also, PLATINUM EQUITY, LLC sold 7,000,000 shares, netting a total of over 154,000,000 in proceeds. Following the sale of shares at $22.00 each, the insider now holds 213,742,854 shares.
Before that, COOK CHRISTIAN B had added 46,000 shares to its account. In a trade valued at $1,012,000, the Director bought Ingram Micro Holding Corp shares for $22.00 each. Upon closing the transaction, the insider’s holdings increased to 46,000 shares, worth approximately $0.84 million.
As published in a research note from Morgan Stanley on January 16, 2025, Ingram Micro Holding Corp [INGM] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $27 from $25. Analysts at Melius started covering the stock with ‘”a Hold”‘ outlook in a report released in late November. As of November 20, 2024, JP Morgan has initiated its “Neutral” rating for INGM. Earlier on November 18, 2024, William Blair initiated its rating. Their recommendation was “an Outperform” for INGM stock.
Analyzing INGM Stock Performance
During the last five days, there has been a drop of approximately -6.23%. Over the course of the year, Ingram Micro Holding Corp shares have dropped approximately -6.03%.
Support And Resistance Levels for Ingram Micro Holding Corp (INGM)
According to the 24-hour chart, there is a support level at 17.75, which, if violated, would cause prices to drop to 17.29. In the upper region, resistance lies at 18.73. The next price resistance is at 19.25. RSI (Relative Strength Index) is 32.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 83.59%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
