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Potential Price Increase for Iron Mountain Inc. (IRM) After Recent Insider Activity

CHWY Stock

Iron Mountain Inc.’s filing revealed that its EVP, General Counsel, Sec. MARSON DEBORAH unloaded Company’s shares for reported $0.41 million on Sep 03 ’24. In the deal valued at $112.86 per share,3,600 shares were sold. As a result of this transaction, MARSON DEBORAH now holds 59,686 shares worth roughly $ 6.59 million.

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Then, MARSON DEBORAH bought 3,600 shares, generating $406,296 in total proceeds.

Before that, Baker-Greene Edward sold 2,262 shares. Iron Mountain Inc. shares valued at $248,254 were divested by the EVP, CHRO at a price of $109.75 per share. As a result of the transaction, Baker-Greene Edward now holds 9,049 shares, worth roughly $1.0 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 Monday, Iron Mountain Inc. [NYSE:IRM] saw its stock jump 0.83% to $110.39. Over the last five days, the stock has lost -2.53%. Iron Mountain Inc. shares have risen nearly 57.75% since the year began. Nevertheless, the stocks have risen 73.45% over the past one year. While a 52-week high of $114.93 was reached on 08/27/24, a 52-week low of $56.51 was recorded on 01/17/24. SMA at 50 days reached $103.67, while 200 days put it at $82.04.

Levels Of Support And Resistance For IRM Stock

The 24-hour chart illustrates a support level at 109.61, which if violated will result in even more drops to 108.83. On the upside, there is a resistance level at 111.19. A further resistance level may holdings at 111.99. The Relative Strength Index (RSI) on the 14-day chart is 55.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.85%. Stochastics %K at 29.04% indicates the stock is a holding.

How much short interest is there in Iron Mountain Inc.?

A steep rise in short interest was recorded in Iron Mountain Inc. stocks on 2024-08-15, dropping by -3.27 million shares to a total of 11.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 14.76 million shares. There was a decline of -28.44%, which implies that there is a negative sentiment for the stock.

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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