Why Is INGRAM MICRO HLDG CO (INGM) Stock Moving Today?

Why INGM stock is down today

INGRAM MICRO HOLDING CO (INGM) fell 5.64% to $26.78 in afternoon trading on Tuesday. The decline followed the pricing of a 13.125 million-share secondary offering by its principal stockholder, Platinum Equity. The offering was priced at $27.25 per share, below the previous close of $28.38, and was accompanied by a 625,000-share buyback. The stock opened at $27.25, a 4.0% gap down, and has traded lower throughout the session.

What Happened

Ingram Micro announced the secondary offering of 13.125 million shares of common stock by its principal stockholder, with the selling stockholder receiving all net proceeds. The offering was priced at $27.25 per share, with Goldman Sachs acting as the sole underwriter. The offering is expected to close on or about September 10. The company also announced a concurrent repurchase of 625,000 shares. Platinum Equity, which owns 10% of the company, sold shares on June 15, and another insider, Aragone Augusto, sold on June 12. The secondary offering has drawn attention as it increases the company's share count and may dilute existing shareholders.

What The Data Shows

The stock opened at $27.25, a $28.38 prior close, and has traded lower throughout the session, reaching a low of $26.19. The volume so far is 1.6 million shares, 1.2 times the 3-month daily average. The stock has moved -1.5% over the last 8 sessions, from $27.69 to $27.28. The 52-week range is $19.03 to $31.69. In the last 90 days, insiders have sold a total of $151.8 million worth of shares, with no insider purchases recorded. The stock printed one fresh 52-week low on September 9.

What To Watch

The stock is scheduled to pay a dividend of $0.086 per share, ex/effective August 11, 2026. Investors should monitor coverage breadth and any follow-up analyst commentary as the offering settles.