Ingram Micro (IM) Shares Cross Below Book Value

In trading on Monday, shares of Ingram Micro Inc. (IM) crossed below their last reported book value — defined as common shareholder equity per share — of $24.79, changing hands as low as $23.51 per share. Ingram Micro Inc. shares are currently trading off about 6% on the day. The chart below shows the one year performance of IM shares, versus its 50 and 200 day moving averages:

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Ingram Micro Inc. Moving Averages Chart

Looking at the chart above, IM's low point in its 52 week range is $16.96 per share, with $26.12 as the 52 week high point — that compares with a last trade of $23.51.

According to the ETF Finder at ETF Channel, IM makes up 2.07% of the First Trust Technology AlphaDEX Fund ETF ( FXL) which is trading lower by about 2.7% on the day Monday.

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