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UBS initates Iron Mountain Inc. (IRM) stock to a Sell

Iron Mountain Inc.’s recently made public that its Director RAKOWICH WALTER C unloaded Company’s shares for reported $77589.0 on Jun 05 ’24. In the deal valued at $81.33 per share,954 shares were sold. As a result of this transaction, RAKOWICH WALTER C now holds 35,166 shares worth roughly $3.1 million.

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Then, Meaney William L sold 15,875 shares, generating $1,276,032 in total proceeds. Upon selling the shares at $80.38, the President and CEO now owns 295,650 shares.

Before that, Meaney William L sold 15,875 shares. Iron Mountain Inc. shares valued at $1,286,351 were divested by the President and CEO at a price of $81.03 per share. As a result of the transaction, Meaney William L now holds 295,650 shares, worth roughly $26.02 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 jump 0.28% to $88.02. Over the last five days, the stock has gained 2.98%. Iron Mountain Inc. shares have risen nearly 25.78% since the year began. Nevertheless, the stocks have risen 55.20% over the past one year. While a 52-week high of $89.91 was reached on 06/12/24, a 52-week low of $53.73 was recorded on 01/17/24. SMA at 50 days reached $79.66, while 200 days put it at $70.20. A total of 1.17 million shares were traded, compared to the trading of 1.72 million shares in the previous session.

Levels Of Support And Resistance For IRM Stock

The 24-hour chart illustrates a support level at 87.23, which if violated will result in even more drops to 86.44. On the upside, there is a resistance level at 88.60. A further resistance level may holdings at 89.18. The Relative Strength Index (RSI) on the 14-day chart is 74.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.95%. Stochastics %K at 81.32% indicates the stock is a selling.

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.

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