The Best (And Worst) Third-Quarter Channel Stocks

Email this CRN article

Ingram Micro

Sept. 28, 2012: $15.23
June 29, 2012: $17.47
Change: -12.8%

There was no love for the Santa Ana, Calif.-based distributor from investors this summer. The stock started falling after hitting $17.55 on July 2 and reached a low point of $14.46 on Aug. 2. It rebounded to close at $16.64 on Sept. 14 before losing another $1.41 the last two weeks of the quarter. All that despite the company increasing SMB credit lines to some VARs in August under the leadership of CEO Alain Monie.

Email this CRN article

Get the latest channel news to your inbox every morning with the CRN Daily newsletter.