News & Events zu Ingram Micro Holding Corp (INGM)INGMIngram Micro Holding Corp

Markets Decline as U.S.-Iran Tensions Rise, S&P 500 Down 0.4%

Markets returned from the extended holiday weekend to familiar macro-oriented concerns - the continued escalation of tensions between U.S. and Iran in the Middle East propping up energy prices while also elevating inflation expectations that are contributing to higher interest rates.   Major indices were down across the board, with Dow Jones Industrials - where Energy is a relatively smaller and Healthcare is a relatively larger contributor vs. S&P 500 - having an outsized 600 point, or 1.2% decline.  S&P 500 - where Energy was the best performing sector and Healthcare was the worst - was predictably down by a much smaller margin of 0.4%, though the index was also boosted by AI capex-specific areas.  The eight best performing stocks in the S&P 500 today, including Lumentum, Intel, and Seagateare all in the AI buildout momentum space.In the opening hour of the evening session index futures are flat, though sentiment is fragile as steady headlines profiling U.S.-Iran hostilities are impacting the oil markets.  WTI crude oil has extended its gains above $94 per barrel, a multi-month high. Precious metals are also under pressure despite USD retreat, with traders likely scaling out of last months' winning trades in preparation for CPI and PPI data this week, which could solidify expectations of a Fed tightening later this month.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -InnovAge Holdingup 9.4%ALSO HIGHER -Chime Financialup 9.2% after acquisition of Stride Bank and raised guidanceDOWN AFTER EARNINGS -ServiceTitandown 20.3%MIND Technologydown 12.9%Brazedown 12.0%Casey's General Storesdown 8.5%Barnes & Noble Educationdown 1.9%ALSO LOWER -Evommunedown 15.1% after EV0756 trial did not meet primary and secondary endpointsTarget Hospitalitydown 6.9% after equity offeringIngram Microdown 5.6% after equity offering

Ingram Micro Launches Secondary Offering of 13.125M Shares

Ingram Micro announced that Ingram Holdco, LLC, an affiliate of Platinum Equity, LLC, has commenced a secondary offering of 13.125M shares of its common stock pursuant to an automatic shelf registration statement filed with the SEC. The Selling Stockholder will receive all of the net proceeds from the Offering. The company is not offering any shares of its Common Stock in the Offering and will not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder. Further, the company intends to authorize a repurchase of 625,000 shares of the company's Common Stock from the underwriter as part of the Offering at a price per share equal to the price per share at which the underwriter agrees to purchase shares of Common Stock from the Selling Stockholder. The underwriter will not receive any compensation for the Share Repurchase. Goldman Sachs & Co. is acting as the sole underwriter for the Offering.