IMKTA - Sell Alert: Laura Sharp Ingle Cashes Out $337K In Ingles Markets Stock | Benzinga
Laura Sharp Ingle, Director at Ingles Markets (NASDAQ:IMKTA), disclosed an insider sell on June 25, according to a recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that Ingle executed a sale of 4,799 shares of Ingles Markets with a total value of $337,748.
Ingles Markets's shares are actively trading at $69.52, experiencing a down of 0.0% during Wednesday's morning session.
About Ingles Markets
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.
Breaking Down Ingles Markets's Financial Performance
Revenue Challenges: Ingles Markets's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline ...