Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Iron Mountain Inc. shares valued at $989,230 were sold by Murdock Wendy J. on Sep 17 ’24. At $116.38 per share, Murdock Wendy J. sold 8,500 shares. The insider’s holdings dropped to 14,829 shares worth approximately $1.73 million following the completion of this transaction.
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Also, Meaney William L purchased 15,875 shares, netting a total of over 1,839,119 in proceeds.
Before that, Murdock Wendy J. had added 8,500 shares to its account. In a trade valued at $989,241, the Director bought Iron Mountain Inc. shares for $116.38 each.
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 surge of approximately 1.81%. Over the course of the year, Iron Mountain Inc. shares have jumped approximately 66.40%. Shares of the company reached a 52-week high of $118.46 on 09/16/24 and a 52-week low of $64.68 on 01/17/24. A 50-day SMA is recorded $107.13, while a 200-day SMA reached $83.88. Nevertheless, trading volume fell to 1.31 million shares from 1.37 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 115.16, which, if violated, would cause prices to drop to 113.88. In the upper region, resistance lies at 117.95. The next price resistance is at 119.46. RSI (Relative Strength Index) is 64.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.11, which suggests the price will increase in the coming days. Percent R is at 18.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
