Ingles Markets Inc. (IMKTA) Sees Strong Trading Volume
Ingles Markets Inc. (NASDAQ:IMKTA) saw unusually-high trading volume on Wednesday . Approximately 69,679 shares were traded during trading, an increase of 8% from the previous session’s volume of 64,709 shares.The stock last traded at $36.37 and had previously closed at $36.71.
Separately, Zacks Investment Research raised shares of Ingles Markets from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th.
The firm’s 50-day moving average is $38.50 and its 200-day moving average is $36.80. The company has a market capitalization of $742.09 million and a PE ratio of 13.20.
In other news, Director Sharp Laura Ingle sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $38.51, for a total transaction of $192,550.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $192,550. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Ingles Markets, Incorporated is a supermarket chain. The Company operates approximately 70 supermarkets in Georgia, approximately 70 in North Carolina, approximately 40 in South Carolina, over 20 in Tennessee, approximately two in Virginia and approximately one in Alabama. The Company operates through retail grocery sales segment.
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