In a filing, Ingram Micro Holding Corp revealed its 10% Owner PLATINUM EQUITY, LLC unloaded Company’s shares for reported $61.38 million on Nov 04 ’24. In the deal valued at $22.00 per share,2,790,000 shares were sold. As a result of this transaction, PLATINUM EQUITY, LLC now holds 210,952,854 shares worth roughly $3.32 billion.
Then, PLATINUM EQUITY, LLC sold 7,000,000 shares, generating $154,000,000 in total proceeds. Upon selling the shares at $22.00, the 10% Owner now owns 213,742,854 shares.
Before that, COOK CHRISTIAN B bought 46,000 shares. Ingram Micro Holding Corp shares valued at $1,012,000 were divested by the Director at a price of $22.00 per share. As a result of the transaction, COOK CHRISTIAN B now holds 46,000 shares, worth roughly $0.72 million.
Morgan Stanley upgraded its Ingram Micro Holding Corp [INGM] rating to an Overweight from a an Equal-weight in a research note published on January 16, 2025; the price target was increased to $27 from $25. A number of analysts have revised their coverage, including Melius’s analysts, who began to cover the stock in late November with a ‘”a Hold”‘ rating. JP Morgan began covering INGM with “Neutral” recommendation on November 20, 2024. William Blair started covering the stock on November 18, 2024. It rated INGM as “an Outperform”.
Price Performance Review of INGM
On Monday, Ingram Micro Holding Corp [NYSE:INGM] saw its stock jump 1.88% to $15.73. Over the last five days, the stock has lost -0.94%. Ingram Micro Holding Corp shares have fallen nearly -18.88% since the year began.
Levels Of Support And Resistance For INGM Stock
The 24-hour chart illustrates a support level at 15.46, which if violated will result in even more drops to 15.19. On the upside, there is a resistance level at 15.99. A further resistance level may holdings at 16.25. The Relative Strength Index (RSI) on the 14-day chart is 36.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.99%. Stochastics %K at 21.28% indicates the stock is a holding.
How much short interest is there in Ingram Micro Holding Corp?
A steep rise in short interest was recorded in Ingram Micro Holding Corp stocks on 2025-03-31, growing by 0.61 million shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.13 million shares. There was a rise of 35.28%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 18, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
