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. Iron Mountain Inc shares valued at $14,932,965 were sold by Meaney William L on Mar 04 ’25. At $88.74 per share, Meaney William L sold 168,277 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Meaney William L sold 69,125 shares, netting a total of over 6,313,885 in proceeds. Following the sale of shares at $91.34 each, the insider now holds 168,277 shares.
Before that, Meaney William L had sold 172,552 shares from its account. In a trade valued at $15,759,615, the President and CEO traded Iron Mountain Inc shares for $91.33 each. Upon closing the transaction, the insider’s holdings decreased to 172,552 shares, worth approximately $20.96 million.
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 drop of approximately -5.12%. Over the course of the year, Iron Mountain Inc shares have dropped approximately -15.98%. Shares of the company reached a 52-week high of $112.18 on 01/24/25 and a 52-week low of $87.21 on 03/05/25. A 50-day SMA is recorded $101.25, while a 200-day SMA reached $105.65.
Support And Resistance Levels for Iron Mountain Inc (IRM)
According to the 24-hour chart, there is a support level at 87.18, which, if violated, would cause prices to drop to 86.05. In the upper region, resistance lies at 89.47. The next price resistance is at 90.63. RSI (Relative Strength Index) is 29.49 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.34, which suggests the price will decrease in the coming days. Percent R is at 92.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
