Ingles Market stock plummets from high

Stock in Ingles Markets plunged by nearly 16% Wednesday, giving back a chunk of the gains it made over a recent rally that saw the retailer achieve its highest trading levels ever.

Ingles, the Asheville, N.C.-based company with stock that has typically traded lightly, gained nearly 45% on heavy trading volume since filing its 10-K annual report with federal securities regulators in mid-December. The report, which covered

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