Ingles Markets Incorporated Class A Common Stock (IMKTA) Moves Higher on Volume Spike for June 22

Equities Staff  |

Ingles Markets Incorporated Class A Common Stock (IMKTA) traded on unusually high volume on Jun. 22, as the stock gained 1.28% to close at $31.60. On the day, Ingles Markets Incorporated Class A Common Stock saw 178,028 shares trade hands on 1,250 trades. Considering that the stock averages only a daily volume of 101,944 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $36.95 and $20.75 over the last 52-weeks, its 50-day SMA is now $31.10, and its 200-day SMA $29.86. Ingles Markets Incorporated Class A Common Stock has a P/B ratio of 1.15. It also has a P/E ratio of 7.4.

Ingles Markets Inc is a supermarket chain in the Southeast United States. It operates grocery retail stores offering grocery, meat and dairy products, produce, frozen foods and other perishables, and non-food products..

Headquartered in Black Mountain, NC, Ingles Markets Incorporated Class A Common Stock has 25,000 employees and is currently under the leadership of CEO James W. Lanning.

For a complete fundamental analysis analysis of Ingles Markets Incorporated Class A Common Stock, check out’s Stock Valuation Analysis report for IMKTA.

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To get more information on Ingles Markets Incorporated Class A Common Stock and to follow the company’s latest updates, you can visit the company’s profile page here: IMKTA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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