Iron Mountain Inc (IRM) Files Form 4 Insider Selling : John Tomovcsik Sells 9,074 Shares

Iron Mountain Inc (IRM): John Tomovcsik , EVP, G. Mgr., Rec. & Inf. Mgmt of Iron Mountain Inc sold 9,074 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $37.53 per share for a total value of $340,574.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Patrick J Keddy (Exec.VP,GM.N.America,W.Europe) sold 42,843 shares at $37.13 per share price.On Jun 3, 2016, Edward Bicks (Sr.VP & Chief Strategy Officer) sold 2,367 shares at $36.66 per share price.Also, On Jun 2, 2016, Ernest W Cloutier (EVP, Gen. Counsel, Secretary) sold 63,536 shares at $36.65 per share price.On Jun 2, 2016, William L Meaney (President and CEO) sold 315,178 shares at $36.54 per share price.

Iron Mountain Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Iron Mountain Inc which led to swings in the share price. The shares opened for trading at $38.06 and hit $38.6 on the upside , eventually ending the session at $38.56, with a gain of 1.37% or 0.52 points. The heightened volatility saw the trading volume jump to 22,33,588 shares. The 52-week high of the share price is $38.64 and the company has a market cap of $8,173 M . The 52-week low of the share price is at $23.64.

Iron Mountain Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Iron Mountain Inc is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $39. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 18, 2016.

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 Company’s courier fleet consisted of approximately 3600 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.

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