Iron Mountain (IRM) Is Today's Perilous Reversal Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Iron Mountain ( IRM) as a "perilous reversal" (up big yesterday but down 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 $99.9 million.
  • IRM has traded 2.3 million shares today.
  • IRM is down 3.9% today.
  • IRM was up 6.3% yesterday.

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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 6%. IRM has a PE ratio of 16.7. 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 $6.2 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 4.36 days to cover. Shares are up 11.7% year-to-date as of the close of trading on Monday.

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