Iron Mountain Incorporated (NYSE:IRM) has climbed 2.85% in the past week and advanced 5.69% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.08% and the outperformance has advanced to 4.73% for the last 4 weeks period.
Iron Mountain Incorporated (NYSE:IRM): The stock opened at $38.25 on Friday but the bulls could not build on the opening and the stock topped out at $38.41 for the day. The stock traded down to $37.91 during the day, due to lack of any buying support eventually closed down at $38.25 with a loss of -0.26% for the day. The stock had closed at $38.35 on the previous day. The total traded volume was 1,810,620 shares.
The company shares have rallied 16.69% from its 1 Year high price. On May 9, 2016, the shares registered one year high at $38.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $37.19 and the 200 Day Moving Average price is recorded at $31.40.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Tsolakis Anastasios, officer (EVP, CIO, Global Svcs. Officer) of Iron Mountain Inc, had unloaded 35,248 shares at an average price of $38.01 in a transaction dated on June 13, 2016. The total value of the transaction was worth $1,339,776.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Stifel Nicolaus upgrades its outlook on Iron Mountain Incorporated (NYSE:IRM). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 1.8% of Iron Mountain Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -35.07% . Institutional Investors own 77.19% of Iron Mountain Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -37.59%.
Iron Mountain Inc. is a holding company, which stores records, primarily paper documents and data backup media, and provide information management services. The Company has five segments: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business and Corporate and Other Business. It offers records and information management services, and data management services. Its customer base includes commercial, legal, banking, healthcare, accounting, insurance, entertainment and government organizations. As of December 31, 2014, the Companys courier fleet consisted of approximately 3,600 owned or leased vehicles. Its other services include secure shredding, document management solutions (DMS), compliant records management and consulting services, health information storage and management solutions, entertainment services, energy data services, discovery services and other ancillary services.