The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Iron Mountain Inc. shares valued at $1,305,242 were sold by Meaney William L on May 16 ’24. At $82.22 per share, Meaney William L sold 15,875 shares. The insider’s holdings dropped to 295,650 shares worth approximately $23.55 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Meaney William L sold 15,875 shares, netting a total of over 1,294,448 in proceeds. Following the sale of shares at $81.54 each, the insider now holds 295,650 shares.
Before that, Murdock Wendy J. had sold 3,547 shares from its account. In a trade valued at $275,247, the Director traded Iron Mountain Inc. shares for $77.60 each. Upon closing the transaction, the insider’s holdings decreased to 3,547 shares, worth approximately $1.67 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 -1.63%. Over the course of the year, Iron Mountain Inc. shares have jumped approximately 13.80%. Shares of the company reached a 52-week high of $83.00 on 05/16/24 and a 52-week low of $64.68 on 01/17/24. A 50-day SMA is recorded $78.47, while a 200-day SMA reached $68.84. Nevertheless, trading volume fell to 1.06 million shares from 1.04 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 78.71, which, if violated, would cause prices to drop to 77.78. In the upper region, resistance lies at 80.43. The next price resistance is at 81.22. RSI (Relative Strength Index) is 51.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 68.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
