Shares of Iron Mountain Incorporated (IRM) Sees Large Inflow of Net Money Flow

Iron Mountain Incorporated (IRM) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $3.55 million worth of transactions were on upticks, whereas, the downticks accounted for $2.2 million worth of transactions. The net money flow was a positive $1.35 million and the uptick to downtick ratio was 1.61. The net money flow into the stock was $0.66 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.66 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Iron Mountain Incorporated (IRM) was trading at $37.92, down $0.04 during day. The stock slid -0.11% over the previous days close. For the week, the stock recorded 0.72% over the previous weeks close.

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Shares of Iron Mountain Incorporated rose by 4.12% in the last five trading days and 1.19% for the last 4 weeks. Iron Mountain Incorporated has dropped 1.6% during the last 3-month period . Year-to-Date the stock performance stands at 48.41%.

Iron Mountain Incorporated (IRM) : The consensus on Iron Mountain Incorporated (IRM) based on 5 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Iron Mountain Incorporated (NYSE:IRM): The stock opened at $38.07 and touched an intraday high of $38.47 on Wednesday. During the day, the stock corrected to an intraday low of $37.78, however, the bulls stepped in and pushed the price higher to close in the green at $38.44 with a gain of 1.26% for the day. The total traded volume for the day was 1,390,930. The stock had closed at $37.96 in the previous trading session.

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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