The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Iridium Communications Inc shares valued at $168,619 were sold by Olson Eric T on Feb 18 ’25. At $34.03 per share, Olson Eric T sold 4,955 shares. The insider’s holdings dropped to 137,557 shares worth approximately $4.49 million following the completion of this transaction.
Also, Morgan Kathleen A. sold 15,005 shares, netting a total of over 503,868 in proceeds. Following the sale of shares at $33.58 each, the insider now holds 55,818 shares.
Before that, Olson Eric T had added 4,955 shares to its account. In a trade valued at $168,635, the Director bought Iridium Communications Inc shares for $34.03 each.
As published in their initiating research note from Cantor Fitzgerald on January 24, 2025, Iridium Communications Inc [IRDM] has been an Overweight and the price target has been revised to $40. Analysts at BWS Financial downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 15, 2024, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for IRDM. Earlier on September 18, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for IRDM stock which previously was a “a Hold”.
Analyzing IRDM Stock Performance
During the last five days, there has been a surge of approximately 17.44%. Over the course of the year, Iridium Communications Inc shares have jumped approximately 12.54%. Shares of the company reached a 52-week high of $34.45 on 02/18/25 and a 52-week low of $26.92 on 01/14/25. A 50-day SMA is recorded $29.41, while a 200-day SMA reached $28.66. Nevertheless, trading volume fell to 1.41 million shares from 2.16 million shares the previous day.
Support And Resistance Levels for Iridium Communications Inc (IRDM)
According to the 24-hour chart, there is a support level at 32.24, which, if violated, would cause prices to drop to 31.83. In the upper region, resistance lies at 33.12. The next price resistance is at 33.59. RSI (Relative Strength Index) is 67.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 25.52%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
