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Wolfintrades
wrote a post · Mar 7 02:54
$Ingram Micro (INGM.US)$ The decline follows the announcement of a secondary offering of nearly 9 million shares by principal stockholder Ingram Holdco (Platinum Equity affiliate), priced today, alongside a concurrent $200 million stock repurchase by the company. Such large secondary sales often pressure prices due to increased share supply and perceived lack of insider confidence.
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