Large Inflow of Money Detected in Iron Mountain Incorporated

Iron Mountain Incorporated (IRM) : On Thursday, The money flowed into the Iron Mountain Incorporated (IRM) stock with an uptick to downtick ratio was recorded at 1.9. Transactions worth $12.51 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $6.57 million. The total money flow into the stock was $5.94 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $6.7 million of block transactions on upticks. The total money flow in block trades was $6.7 million. In terms of price action, Iron Mountain Incorporated (IRM) traded down $0.26 during the session at $40.26. Compared to the previous days closing, the stock was down only by -0.64%. For the week, the stock is 1.03%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 2.79% and the 50-Day Moving Average is 6.71%. Shares have rallied 27.93% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $40.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $37.99 and the 200 Day Moving Average price is recorded at $32.83.

Iron Mountain Incorporated (NYSE:IRM): The stock opened at $40.77 on Thursday but the bulls could not build on the opening and the stock topped out at $41.06 for the day. The stock traded down to $40.21 during the day, due to lack of any buying support eventually closed down at $40.26 with a loss of -0.64% for the day. The stock had closed at $40.52 on the previous day. The total traded volume was 1,123,750 shares.

In an insider trading activity, Tsolakis Anastasios, officer (EVP, CIO, Global Svcs. Officer) of Iron Mountain Inc, unloaded 7,364 shares at an average price of $40 on July 1, 2016. The total amount of the transaction was worth $294,560, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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