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Is Iron Mountain Inc (IRM) Stock About to Get Hot Monday?

Monday, March 04, 2024 03:03 PM | InvestorsObserver Analysts

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Is Iron Mountain Inc (IRM) Stock About to Get Hot Monday?

Iron Mountain Inc (IRM) stock is higher by 4.83% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Iron Mountain Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IRM!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With IRM Stock Today?

Iron Mountain Inc (IRM) stock is lower by -2.49% while the S&P 500 has gained 0.18% as of 3:02 PM on Monday, Mar 4. IRM has fallen -$2.02 from the previous closing price of $81.03 on volume of 1,694,403 shares. Over the past year the S&P 500 is higher by 27.12% while IRM has gained 43.97%. IRM earned $0.63 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 126.07.

More About Iron Mountain Inc

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business. Click Here to get the full Stock Report for Iron Mountain Inc stock.

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