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An Analysis of Iron Mountain Inc (IRM)’s Potential Price Growth

Iron Mountain Inc’s filing revealed that its Former Officer MARSON DEBORAH acquired Company’s shares for reported $0.44 million on Dec 02 ’24. In the deal valued at $123.00 per share,3,600 shares were bought.

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Then, Meaney William L sold 15,875 shares, generating $1,888,649 in total proceeds. Upon selling the shares at $118.97, the President and CEO now owns 295,650 shares.

Before that, Meaney William L sold 15,875 shares. Iron Mountain Inc shares valued at $1,872,615 were divested by the President and CEO at a price of $117.96 per share. As a result of the transaction, Meaney William L now holds 295,650 shares, worth roughly $33.8 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 fall -4.84% to $114.34. Over the last five days, the stock has lost -5.96%. Iron Mountain Inc shares have risen nearly 63.39% since the year began. Nevertheless, the stocks have risen 74.33% over the past one year. While a 52-week high of $130.24 was reached on 10/25/24, a 52-week low of $64.66 was recorded on 01/17/24. SMA at 50 days reached $120.54, while 200 days put it at $98.76.

Levels Of Support And Resistance For IRM Stock

The 24-hour chart illustrates a support level at 112.00, which if violated will result in even more drops to 109.66. On the upside, there is a resistance level at 118.84. A further resistance level may holdings at 123.33. The Relative Strength Index (RSI) on the 14-day chart is 39.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.40%. Stochastics %K at 34.80% 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 2024-11-15, dropping by -0.6 million shares to a total of 8.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.95 million shares. There was a decline of -7.21%, 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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