Iridium Communications Inc’s recently made public that its Director FITZPATRICK THOMAS unloaded Company’s shares for reported $0.36 million on Jan 10 ’25. In the deal valued at $28.53 per share,12,500 shares were sold. As a result of this transaction, FITZPATRICK THOMAS now holds 241,030 shares worth roughly $6.56 million.
Then, THOMAS FITZPATRICK bought 12,500 shares, generating $356,642 in total proceeds.
Before that, Last Timothy James sold 57 shares. Iridium Communications Inc shares valued at $1,666 were divested by the EVP, Sales & Marketing at a price of $29.23 per share. As a result of the transaction, Last Timothy James now holds 30,034 shares, worth roughly $0.82 million.
BWS Financial downgraded its Iridium Communications Inc [IRDM] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Mkt perform”. Deutsche Bank also remained covering IRDM and has increased its forecast on September 18, 2023 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on July 27, 2023. It rated IRDM as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of IRDM
On Tuesday, Iridium Communications Inc [NASDAQ:IRDM] saw its stock fall -1.16% to $27.20. Over the last five days, the stock has lost -9.78%. Iridium Communications Inc shares have fallen nearly -6.27% since the year began. Nevertheless, the stocks have fallen -29.64% over the past one year. While a 52-week high of $38.40 was reached on 01/06/25, a 52-week low of $24.14 was recorded on 01/14/25. SMA at 50 days reached $29.45, while 200 days put it at $28.39.
Levels Of Support And Resistance For IRDM Stock
The 24-hour chart illustrates a support level at 26.78, which if violated will result in even more drops to 26.37. On the upside, there is a resistance level at 27.75. A further resistance level may holdings at 28.31. The Relative Strength Index (RSI) on the 14-day chart is 32.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.03%. Stochastics %K at 5.76% indicates the stock is a buying.
How much short interest is there in Iridium Communications Inc?
A steep rise in short interest was recorded in Iridium Communications Inc stocks on 2024-12-31, growing by 0.29 million shares to a total of 7.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 7.7 million shares. There was a rise of 3.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 22, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $61 price target.
