Iridium Communications Inc’s filing revealed that its Director Olson Eric T unloaded Company’s shares for reported $0.17 million on Feb 18 ’25. In the deal valued at $34.03 per share,4,955 shares were sold. As a result of this transaction, Olson Eric T now holds 137,557 shares worth roughly $4.03 million.
Then, Morgan Kathleen A. sold 15,005 shares, generating $503,868 in total proceeds. Upon selling the shares at $33.58, the CHIEF LEGAL OFFICER now owns 55,818 shares.
Before that, Olson Eric T bought 4,955 shares. Iridium Communications Inc shares valued at $168,635 were divested by the Director at a price of $34.03 per share.
Cantor Fitzgerald initiated its Iridium Communications Inc [IRDM] rating to an Overweight in a research note published on January 24, 2025; the price target was $40. A number of analysts have revised their coverage, including BWS Financial’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. William Blair also remained covering IRDM and has decreased its forecast on February 15, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Deutsche Bank revised its rating on September 18, 2023. It rated IRDM as “a Buy” which previously was an “a Hold”.
Price Performance Review of IRDM
On Tuesday, Iridium Communications Inc [NASDAQ:IRDM] saw its stock fall -1.41% to $29.33. Over the last five days, the stock has lost -2.36%. Iridium Communications Inc shares have risen nearly 1.07% since the year began. Nevertheless, the stocks have risen 3.20% over the past one year. While a 52-week high of $35.85 was reached on 02/18/25, a 52-week low of $24.14 was recorded on 01/14/25. SMA at 50 days reached $29.67, while 200 days put it at $28.69.
Levels Of Support And Resistance For IRDM Stock
The 24-hour chart illustrates a support level at 28.78, which if violated will result in even more drops to 28.24. On the upside, there is a resistance level at 29.88. A further resistance level may holdings at 30.44. The Relative Strength Index (RSI) on the 14-day chart is 43.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.08%. Stochastics %K at 10.95% indicates the stock is a buying.
