Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $3.32 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 a research note from William Blair on April 22, 2025, Iridium Communications Inc [IRDM] has been rated up from a Mkt perform to an Outperform. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late January. As of February 16, 2024, BWS Financial has decreased its “Buy” rating to a “Neutral” for IRDM. Earlier on February 15, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for IRDM stock which previously was a “an Outperform”.
Analyzing IRDM Stock Performance
During the last five days, there has been a surge of approximately 11.87%. Over the course of the year, Iridium Communications Inc shares have dropped approximately -16.85%. Shares of the company reached a 52-week high of $34.45 on 02/18/25 and a 52-week low of $19.91 on 04/22/25. A 50-day SMA is recorded $27.22, while a 200-day SMA reached $28.37.
Support And Resistance Levels for Iridium Communications Inc (IRDM)
According to the 24-hour chart, there is a support level at 23.64, which, if violated, would cause prices to drop to 23.16. In the upper region, resistance lies at 24.40. The next price resistance is at 24.68. RSI (Relative Strength Index) is 45.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 17.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
