×
News Home

Iridium Communications Inc (IRDM) Stock: What Does the Chart Say Friday?

Friday, September 17, 2021 10:51 AM | InvestorsObserver Analysts
Iridium Communications Inc (IRDM) Stock: What Does the Chart Say Friday?

Iridium Communications Inc (IRDM) stock is down 6.56% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Iridium Communications Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on IRDM!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With IRDM Stock Today?

Iridium Communications Inc (IRDM) stock is trading at $44.17 as of 10:48 AM on Friday, Sep 17, a loss of -$0.23, or -0.52% from the previous closing price of $44.40. The stock has traded between $43.93 and $44.88 so far today. Volume today is less active than usual. So far 245,556 shares have traded compared to average volume of 668,244 shares. To screen for more stocks like Iridium Communications Inc click here.

More About Iridium Communications Inc

Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. It is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world. Click Here to get the full Stock Report for Iridium Communications Inc stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App