Iron Mountain Inc.’s filing revealed that its EVP and CFO Hytinen Barry unloaded Company’s shares for reported $0.79 million on Jun 18 ’24. In the deal valued at $88.31 per share,9,000 shares were sold. As a result of this transaction, Hytinen Barry now holds 110,367 shares worth roughly $9.81 million.
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Then, Borges Daniel sold 3,095 shares, generating $268,739 in total proceeds. Upon selling the shares at $86.83, the SVP & Chief Accounting Officer now owns 0 shares.
Before that, McIntosh Greg W sold 13,923 shares. Iron Mountain Inc. shares valued at $1,217,009 were divested by the EVP, CCO & GM, Global RM at a price of $87.41 per share. As a result of the transaction, McIntosh Greg W now holds 18,107 shares, worth roughly $1.61 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 0.03% to $88.86. Over the last five days, the stock has gained 1.24%. Iron Mountain Inc. shares have risen nearly 26.98% since the year began. Nevertheless, the stocks have risen 59.98% 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 $80.51, while 200 days put it at $70.70. A total of 18.39 million shares were traded, compared to the trading of 2.31 million shares in the previous session.
Levels Of Support And Resistance For IRM Stock
The 24-hour chart illustrates a support level at 87.61, which if violated will result in even more drops to 86.36. On the upside, there is a resistance level at 89.56. A further resistance level may holdings at 90.26. The Relative Strength Index (RSI) on the 14-day chart is 76.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.76%. Stochastics %K at 89.84% 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.
