Iron Mountain Sees Unusually High Options Volume (IRM)
Shares of Iron Mountain (NYSE:IRM) were the target of some unusual options trading on Monday. Investors purchased 18,584 call options on the stock, AnalystRatings.NET reports. This represents an increase of 673% compared to the typical volume of 2,403 call options.
A number of analysts have recently weighed in on IRM shares. Analysts at Ameriprise Financial initiated coverage on shares of Iron Mountain in a research note to investors on Friday, January 31st. They set a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Iron Mountain in a research note to investors on Thursday, January 9th. They now have a $30.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Iron Mountain in a research note to investors on Tuesday, December 17th. They set a “hold” rating and a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.58.
Iron Mountain (NYSE:IRM) traded up 0.90% on Monday, hitting $26.98. 3,019,198 shares of the company’s stock traded hands. Iron Mountain has a one year low of $25.03 and a one year high of $39.71. The stock has a 50-day moving average of $28.13 and a 200-day moving average of $27.55. The company has a market cap of $5.159 billion and a P/E ratio of 67.19.
Iron Mountain Incorporated (NYSE:IRM) is engaged in storing records, primarily paper documents and data backup media, and provide information management services.
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