In a filing, Iridium Communications Inc revealed 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 $3.53 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.
Oppenheimer initiated its Iridium Communications Inc [IRDM] rating to an Outperform in a research note published on May 05, 2025; the price target was $34. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in late April from “a Mkt perform” to “an Outperform”. Cantor Fitzgerald began covering IRDM with “an Overweight” recommendation on January 24, 2025. BWS Financial revised its rating on February 16, 2024. It rated IRDM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of IRDM
On Tuesday, Iridium Communications Inc [NASDAQ:IRDM] saw its stock fall -4.89% to $25.66. Over the last five days, the stock has lost -2.25%. Iridium Communications Inc shares have fallen nearly -11.58% since the year began. Nevertheless, the stocks have fallen -14.64% over the past one year. While a 52-week high of $35.85 was reached on 02/18/25, a 52-week low of $19.91 was recorded on 04/22/25. SMA at 50 days reached $26.17, while 200 days put it at $28.34.
Levels Of Support And Resistance For IRDM Stock
The 24-hour chart illustrates a support level at 25.20, which if violated will result in even more drops to 24.75. On the upside, there is a resistance level at 26.54. A further resistance level may holdings at 27.43. The Relative Strength Index (RSI) on the 14-day chart is 51.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.91%. Stochastics %K at 85.18% indicates the stock is a selling.
