BLACK MOUNTAIN, NC – In a surging retail market, Ingles Markets Incorporated reported yesterday a decrease in its stock trends. Yesterday, the company’s stock decreased 2.85 percent, hitting a low worth of $34.82. However, Ingles seems to be recovering from the dip with the current stock at $35.75 as of 10:52 am PST, today.

Yesterday’s downward dip has resulted in what StockCaller has declared a downtrending pattern for the company. Since September 9, 2015, Ingle’s stock has underperformed the S&P500 by 35.17 percent.

So what accounts for the stock volatility? According to a statement by Zacks Investment Research to StockCaller, the retail chain’s primary placement may be to blame, “Ingles’ strategy is to locate its supermarkets primarily in suburban areas, small towns and rural communities, where management believes the market may be underserved by existing supermarkets.”

StockCaller said that if Ingles reaches a low stock price of $31.69, the company will be worth $61.68 million less than it did eight months ago.

For more information and stock specifics on Ingles Markets, click here. Keep checking back with AndNowUKnow for continued updates on Ingles, and more retail market trends.

Ingles Markets