Iron Mountain Incorporated (IRM) has risen sharply, recording gains of 4.16% in the past 4 weeks. However, the stock has corrected -0.03% in the past 1 week, providing a good buying opportunity on dips. Iron Mountain Incorporated (IRM) : During the past 4 weeks, traders have been relatively bearish on Iron Mountain Incorporated (IRM), hence the stock is down -0.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.5% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 5.36%.
Iron Mountain Incorporated (NYSE:IRM): The stock opened at $40.22 on Friday but the bulls could not build on the opening and the stock topped out at $40.29 for the day. The stock traded down to $39.55 during the day, due to lack of any buying support eventually closed down at $39.84 with a loss of -1.04% for the day. The stock had closed at $40.26 on the previous day. The total traded volume was 1,887,912 shares.
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 -26.92% . 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 -34.02%. In a related news, The Securities and Exchange Commission has divulged that Tsolakis Anastasios, officer (EVP, CIO, Global Svcs. Officer) of Iron Mountain Inc, had unloaded 7,364 shares at an average price of $40 in a transaction dated on July 1, 2016. The total value of the transaction was worth $294,560.
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.