Heavy Early Morning Activity On Ingram Micro (IM)

Trade-Ideas LLC identified Ingram Micro ( IM) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Ingram Micro as such a stock due to the following factors:

  • IM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.0 million.
  • IM traded 167,846 shares today in the pre-market hours as of 9:04 AM, representing 14% of its average daily volume.

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More details on IM:

Ingram Micro Inc. distributes information technology (IT) products; and provides supply chain and mobile device lifecycle services worldwide. The stock currently has a dividend yield of 1.1%. IM has a PE ratio of 31. Currently there is 1 analyst that rates Ingram Micro a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Ingram Micro has been 1.3 million shares per day over the past 30 days. Ingram Micro has a market cap of $5.2 billion and is part of the services sector and wholesale industry. The stock has a beta of 0.90 and a short float of 1.6% with 1.30 days to cover. Shares are up 15.5% year-to-date as of the close of trading on Wednesday.

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Strong And Under The Radar Today: Ingram Micro (IM)