On a relative basis, the stock has outperformed the S&P 500 by 4.78% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.91% in the last 1 week, and is up 6.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 4.71% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $9.05 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $8.55 and the 200 Day Moving Average price is recorded at $7.80.
The stock has recorded a 20-day Moving Average of 4.77% and the 50-Day Moving Average is 5.31%.
Iridium Communications Inc (NASDAQ:IRDM): stock turned positive on Friday. Though the stock opened at $8.82, the bulls momentum made the stock top out at $9.045 level for the day. The stock recorded a low of $8.81 and closed the trading day at $8.89, in the green by 1.37%. The total traded volume for the day was 765,872. The stock had closed at $8.77 in the previous days trading.
In an insider trading activity, Canfield Thomas C, director of Iridium Communications Inc., executed a transaction worth $34,750 on March 1, 2016. A total of 5,000 shares were purchased at an average price of $6.95. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Iridium Communications Inc. is a satellite communications company that offers global voice and data communications coverage. The Company provides voice and data communications services to businesses the United States and foreign governments, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites in-orbit spares and related ground infrastructure. The Companys principal services include mobile satellite services including mobile voice and data services machine to machine (M2M) services and data. Its commercial services include postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services, machine-to-machine services and other services. The Companys commercial end user base includes markets such as emergency services, maritime, aviation, government, utilities, oil and gas, mining, recreation, forestry, heavy equipment, construction and transportation.