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Trade-Ideas LLC identified Iron Mountain ( IRM) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Iron Mountain as such a stock due to the following factors:
- IRM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $76.4 million.
- IRM has traded 1.3 million shares today.
- IRM is up 4.6% today.
- IRM was down 9.5% yesterday, not including a REIT-conversion, special distribution payable November 4, 2014.
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More details on IRM:
Iron Mountain Incorporated, together with its subsidiaries, provides storage and information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The stock currently has a dividend yield of 5.4%. IRM has a PE ratio of 18.4. Currently there are 4 analysts that rate Iron Mountain a buy, 1 analyst rates it a sell, and 5 rate it a hold.
The average volume for Iron Mountain has been 1.5 million shares per day over the past 30 days. Iron Mountain has a market cap of $6.8 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 0.89 and a short float of 8.6% with 5.83 days to cover. Shares are up 5.1% year-to-date as of the close of trading on Friday.