Iron Mountain Inc.’s recently made public that its President and CEO Meaney William L unloaded Company’s shares for reported $1.19 million on Apr 16 ’24. In the deal valued at $74.69 per share,15,875 shares were sold. As a result of this transaction, Meaney William L now holds 295,650 shares worth roughly $22.27 million.
Then, Meaney William L sold 15,875 shares, generating $1,217,295 in total proceeds. Upon selling the shares at $76.68, the President and CEO now owns 295,650 shares.
Before that, MARSON DEBORAH sold 2,000 shares. Iron Mountain Inc. shares valued at $156,960 were divested by the EVP, General Counsel, Sec. at a price of $78.48 per share. As a result of the transaction, MARSON DEBORAH now holds 65,286 shares, worth roughly $4.92 million.
UBS initiated its Iron Mountain Inc. [IRM] rating to a Sell in a research note published on November 07, 2023; the price target was $44. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in late August from “a Sector perform” to “an Outperform”. RBC Capital Mkts began covering IRM with “Sector perform” recommendation on December 16, 2022. Exane BNP Paribas started covering the stock on December 14, 2022. It rated IRM as “an Outperform”.
Price Performance Review of IRM
On Friday, Iron Mountain Inc. [NYSE:IRM] saw its stock fall -2.18% to $75.32. Over the last five days, the stock has lost -2.84%. Iron Mountain Inc. shares have risen nearly 7.63% since the year began. Nevertheless, the stocks have risen 36.55% over the past one year. While a 52-week high of $82.19 was reached on 03/08/24, a 52-week low of $52.80 was recorded on 01/17/24. SMA at 50 days reached $78.03, while 200 days put it at $67.16. A total of 1.98 million shares were traded, compared to the trading of 2.87 million shares in the previous session.
Levels Of Support And Resistance For IRM Stock
The 24-hour chart illustrates a support level at 74.03, which if violated will result in even more drops to 72.74. On the upside, there is a resistance level at 77.38. A further resistance level may holdings at 79.44. The Relative Strength Index (RSI) on the 14-day chart is 42.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.40%. Stochastics %K at 56.01% indicates the stock is a holding.
The most recent change occurred on June 24, 2022 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $58 price target.
