Large Outflow of Money Witnessed in Iron Mountain Incorporated

Iron Mountain Incorporated (IRM) traded higher in the last at $35.98, gaining 0.18 points or 0.5%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-9.21) million. The composite uptick value of $8.95 million was eclipsed by the accrued downtick value of $18.16 million, thereby ensuring the up/down ratio of 0.49. For the week, the shares have posted returns of -0.55%.A block trade registered during the day has revealed $0 million in upticks and $8.67 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-8.67) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Iron Mountain Incorporated rose by 1.9% in the last five trading days and 10.78% for the last 4 weeks. Iron Mountain Incorporated is up 8.42% in the last 3-month period. Year-to-Date the stock performance stands at 10.78%. Iron Mountain Incorporated (NYSE:IRM) rose 0.5% or 0.18 points on Wednesday and made its way into the gainers of the day. After trading began at $35.79 the stock was seen hitting $36.07 as a peak level and $35.3 as the lowest level. The stock ended up at $35.98. The daily volume was measured at 2,156,817 shares. The 52-week high of the share price is $41.5 and the 52-week low is $26.08. The company has a market cap of $9,479 million.

Company has reported several Insider transactions to the SEC, on Jan 11, 2017, William L Meaney (President & CEO) sold 5,664 shares at 32.82 per share price.On Dec 5, 2016, Neil Chatfield (director) sold 954 shares at 32.74 per share price.On Nov 1, 2016, Eileen Sweeney (Sr.VP,and GM,Data Management) sold 4,083 shares at 33.00 per share price.

Iron Mountain Inc Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.12. Analyst had a consensus of $0.56. The company had revenue of $942.80 million for the quarter, compared to analysts expectations of $933.49 million. The companys revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Iron Mountain Incorporated is one of the worlds largest records and information management services company. The company is an international, full-service provider of records and information management and related services, enabling customers to outsource records management functions. Iron Mountain has a diversified customer base, which includes more than half of the Fortune 500 and numerous commercial, legal, banking, healthcare, accounting, insurance, entertainment and government organizations.


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