IMKTA - Massive Insider Trade At Ingles Markets | Benzinga
Disclosed on June 12, Laura Sharp Ingle, Board Member at Ingles Markets (NASDAQ:IMKTA), executed a substantial insider sell as per the latest SEC filing.
What Happened: Ingle's recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday unveiled the sale of 4,000 shares of Ingles Markets. The total transaction value is $281,516.
The latest market snapshot at Thursday morning reveals Ingles Markets shares up by 0.39%, trading at $69.0.
Get to Know Ingles Markets Better
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
Understanding the Numbers: Ingles Markets's Finances
Revenue Challenges: Ingles Markets's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a ...