Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Iron Mountain Inc. shares valued at $1,185,704 were sold by Meaney William L on Apr 16 ’24. At $74.69 per share, Meaney William L sold 15,875 shares. The insider’s holdings dropped to 295,650 shares worth approximately $23.09 million following the completion of this transaction.
Also, Meaney William L sold 15,875 shares, netting a total of over 1,217,295 in proceeds. Following the sale of shares at $76.68 each, the insider now holds 295,650 shares.
Before that, MARSON DEBORAH had sold 2,000 shares from its account. In a trade valued at $156,960, the EVP, General Counsel, Sec. traded Iron Mountain Inc. shares for $78.48 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $5.1 million.
As published in their initiating research note from UBS on November 07, 2023, Iron Mountain Inc. [IRM] has been a Sell and the price target has been revised to $44. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in late August. As of December 16, 2022, RBC Capital Mkts has initiated its “Sector perform” rating for IRM. Earlier on December 14, 2022, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for IRM stock.
Analyzing IRM Stock Performance
During the last five days, there has been a drop of approximately -0.12%. Over the course of the year, Iron Mountain Inc. shares have jumped approximately 11.60%. Shares of the company reached a 52-week high of $82.19 on 03/08/24 and a 52-week low of $64.68 on 01/17/24. A 50-day SMA is recorded $77.79, while a 200-day SMA reached $67.01. Nevertheless, trading volume fell to 2.51 million shares from 1.73 million shares the previous day.
Support And Resistance Levels for Iron Mountain Inc. (IRM)
According to the 24-hour chart, there is a support level at 77.19, which, if violated, would cause prices to drop to 76.27. In the upper region, resistance lies at 79.20. The next price resistance is at 80.29. RSI (Relative Strength Index) is 54.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.49, which suggests the price will increase in the coming days. Percent R is at 21.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
