Iron Mountain (NYSE:IRM) Stock, Quote.Headers.trade-ideas

Iron Mountain

Iron Mountain Inc is a record management services provider. It is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Iron Mountain Incorporated

Earnings

News

Guidance

Movers

Iron Mountain reported Q3 results with adjusted EPS of $0.44, missing estimates, but revenue of $1.56B beat expectations. 2024 guidance affirmed.

Why Is Iron Mountain Stock Plunging On Wednesday?

trader chart ai

Opinion

Trading Ideas

Peter Lynch, one of the most successful mutual-fund managers, believes investing in &#39;boring&#39; stocks can be profitable. Here are 3 examples.

Buy These 3 &#34;Boring&#34; Stocks From Peter Lynch

Wells Fargo ATM

Long Ideas

Markets

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PLTR

Wells Fargo is going to go higher, according to Jim Cramer. It&#39;s a &#34;winner,&#34; the &#34;Mad Money Lightning Round&#34; host said.

Jim Cramer: This Utilities Stock Is A Buy, Calls Wells Fargo A &#39;Winner&#39;

Iron Mountain Incorporated (Delaware)Common Stock REIT

Iron Mountain Inc

iRadimed Corp

IR-Med Inc

IRIS METALS LTD by IRIS METALS LTD.

INFORMATION SVCS CORP ORD by Information Svcs Corp

Information Services Corp

Iron Mountain Prices Upsized Offering By Way Of Private Placement Of $1.2B Of Its 6.25% Senior Notes Due 2033

RBC Capital analyst Jonathan Atkin maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Outperform and raises the price target from $135 to $139.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Iron Mountain, Raises Price Target to $139

Barclays analyst Brendan Lynch maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Overweight and lowers the price target from $133 to $131.

Barclays Maintains Overweight on Iron Mountain, Lowers Price Target to $131

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has risen 3.55% since its last report. The company recently reported that it has 9.27 million shares sold short, which is 3.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731514512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 5.89%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(IRM) - Analyzing Iron Mountain's Short Interest

Iron Mountain Inc.&nbsp;(NYSE: IRM) reported&nbsp;third-quarter financial results&nbsp;Wednesday before the bell,&nbsp;following&nbsp;which the stock price declined. Here are the key metrics <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41769402/iron-mountain-reports-third-quarter-results" rel="noreferrer noopener">from the quarter</a>.
Q3 Earnings Details:&nbsp;The company reported that the third quarter adjusted earnings per share was 44 cents. Quarterly revenue of $1.56 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of $1.55 billion</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41753290/ferrari-slows-down-q3-shipment-drop-hits-the-brakes-on-stock-growth" rel="noreferrer noopener">Ferrari Slows Down, Q3 Shipment Drop Hits the Brakes On Stock Growth</a>
Total reported revenues (excluding the impact of foreign currency exchange) increased 12% compared to the prior year. This was driven by a 9% increase in storage rental revenue and a 17% increase in service revenue.
On a constant currency basis, adjusted EBITDA increased by 14% in the quarter Y/Y, driven by the increase in Global Records Information Management&nbsp;(RIM), Asset Lifecycle Management&nbsp;(ALM), and&nbsp;data center.
AFFO was $332.0 million for the quarter, compared with $301.2 million last year, an increase of 10.2% driven by improved adjusted EBITDA. AFFO per share was $1.13, higher by 11% Y/Y.
Iron Mountain&#8217;s President and CEO, William L. Meaney, highlighted the team&#8217;s remarkable strides toward ambitious growth goals, noting that the Project Matterhorn operating model elevates the business by delivering innovative, enhanced solutions for customers.
Outlook:&nbsp;Iron Mountain <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40106672/iron-mountain-q2-data-storage-demand-dividend-boost-more" rel="noreferrer noopener">affirmed&nbsp;full-year 2024</a> guidance towards the upper end of&nbsp;the guidance&nbsp;range for revenues of $6 billion–$6.15 billion&nbsp;versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$6.24 billion estimate</a> and AFFO per share of $4.39–$4.51.
Iron Mountain stock gained over 83% year-to-date.
<h2 class="wp-block-heading">Iron Mountain Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Iron Mountain's revenue has grown at an average rate of 9.53% annually over the past 5 years. The average 1-year price target from analysts is $136.0, representing an expected 19.13% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Iron Mountain have seen an annualized return of 44.62%, outperforming the S&amp;P500 index by 37.48%. This compares to -0.5% growth in the overall Real Estate sector. Iron Mountain has a beta of 0.58.
Price Action:&nbsp;IRM stock is down 9.38 to $113.94 at&nbsp;the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/11/41757088/fox-corps-political-ad-revenue-surges-tubi-growth-sparks-analyst-optimism" target="_blank" rel="noreferrer noopener">Fox Corp&#8217;s Political Ad Revenue Surges, Tubi Growth Sparks Analyst Optimism</a></li>
</ul>

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 15.97% on an annualized basis producing an average annual return of 29.67%. Currently, Iron Mountain has a market capitalization of $37.08 billion. 
Buying $100 In IRM: If an investor had bought $100 of IRM stock 5 years ago, it would be worth $364.41 today based on a price of $126.40 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730907021_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Iron Mountain 5 Years Ago Would Be Worth This Much Today

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.81 by 39.51 percent. The company reported quarterly sales of $1.56 billion which beat the analyst consensus estimate of $1.55 billion by 0.20 percent. This is a 12.10 percent increase over sales of $1.39 billion the same period last year.

Earnings Beats

Iron Mountain Q3 2024 FFO $1.13 Beats $0.81 Estimate, Sales $1.56B Beat $1.55B Estimate

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 10.07% since its last report. The company recently reported that it has 8.95 million shares sold short, which is 3.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730739619_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 6.09%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Iron Mountain?

Mutual-fund manager Peter Lynch is one of the most successful mutual-fund managers of all time. His average annual return of 29% from 1977 to 1990 would have turned a $10,000 investment into nearly $150,000.
And in his book "One Up on Wall Street," he described the best possible stock: First, its name sounds dull. Second, it does something dull.
Lynch's insight was that when it comes to investing, "Boring is beautiful." That's because boring companies tend to be undervalued, even as they grow earnings solidly each year.
Lynch found some spectacularly performing, "dull" stocks from his time in the business. He bought payroll manager Automatic Data Processing (ADP), food-products company Bob Evans Farms (now a private company), concrete maker Consolidated Rock, and even a company that ran a network of funeral homes.
He told of his decision to buy an auto-repair service, explaining&#8230;
"Blurting out that you own Pep Boys won&#8217;t get you much of an audience at a cocktail party, but whisper &#8220;GeneSplice International&#8221; and everybody listens. Meanwhile, GeneSplice International is going nowhere but down, while [Pep Boys] just keeps going higher."
Because when it comes to investing, Lynch said, boring is often better.
So here are three "boring" stocks that could easily multiply your money in the years ahead.
"Boring" Stock No. 1: American Waterworks Inc. (AWK)
Whether or not we're in a recession, everyone needs to flush toilets… and that's where American Waterworks (AWK) comes in.
Through its subsidiaries, AWK provides water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers.
Since 2009, AWK has returned 645%, including dividends, compared to a 480% return for the S&amp;P 500. It's also raised its dividend each year in the same time frame, offering further proof that "boring" companies can outperform.
"Boring" Stock No. 2: Sherwin-Williams Co. (SHW)
Sherwin-Williams makes and sells paint. It oversees the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers.
You could say it's as interesting as watching paint dry… but long-term investors surely aren't complaining.
Since the 1980s, Sherwin-Williams shares have returned a staggering 128,000% for investors. Shares are up 18% in 2024 so far, including a 15.5% dividend increase.
"Boring" Stock No. 3: Iron Mountain (IRM)
Iron Mountain Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, it offers a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management.
So clearly, it&#8217;s not too glamorous a business. But Peter Lynch would approve—IRM shares are up over 1,000% since 2000, and the company just increased its dividend by 10.5%. Revenue growth was 13% last quarter, further evidence that this "boring" company continues to deliver for investors.
<a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=mo7op1spmireml27&amp;utm_source=RD-1028">Get Trade Alerts From Me, An Options Pro Who Gets Real Results</a>
Image via Midjourney

Buy These 3 "Boring" Stocks From Peter Lynch

Wells Fargo analyst Eric Luebchow maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Overweight and raises the price target from $120 to $135.

Wells Fargo Maintains Overweight on Iron Mountain, Raises Price Target to $135

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 12.47% since its last report. The company recently reported that it has 9.97 million shares sold short, which is 4.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729008917_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 5.86%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 15.44% on an annualized basis producing an average annual return of 29.43%. Currently, Iron Mountain has a market capitalization of $35.34 billion. 
Buying $1000 In IRM: If an investor had bought $1000 of IRM stock 5 years ago, it would be worth $3,664.31 today based on a price of $120.49 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728586841_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Iron Mountain 5 Years Ago Would Be Worth Today

Barclays analyst Brendan Lynch maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Overweight and raises the price target from $91 to $133.

Barclays Maintains Overweight on Iron Mountain, Raises Price Target to $133

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has risen 14.53% since its last report. The company recently reported that it has 11.36 million shares sold short, which is 4.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727374517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 5.28%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Iron Mountain's Recent Short Interest

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 15.58% on an annualized basis producing an average annual return of 29.56%. Currently, Iron Mountain has a market capitalization of $34.74 billion. 
Buying $100 In IRM: If an investor had bought $100 of IRM stock 5 years ago, it would be worth $367.42 today based on a price of $118.44 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195415_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $400 Today

Stifel analyst Shlomo Rosenbaum maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Buy and raises the price target from $117 to $140.

Stifel Maintains Buy on Iron Mountain, Raises Price Target to $140

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is going to go higher, adding that <a href="https://www.benzinga.com/quote/WFC">it's a &#8220;winner.&#8221;</a>
On Sept. 17, the San Francisco-based bank launched specialized Application Programming Interfaces (APIs) for its Commercial Banking clients, expanding its API portfolio. 
These APIs offer real-time data access aimed at boosting sales, improving liquidity, reducing credit risk, and cutting expenses for floorplan and channel finance clients <a href="https://www.benzinga.com/markets/equities/24/09/40903846/wells-fargo-launches-new-apis-to-boost-efficiency-and-productivity-details">across several industries.</a>
&#8220;It's had too big a move up,&#8221; Cramer said when asked about Iron Mountain Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>). &#8220;Let's move on.&#8221;
On Aug. 1, Iron Mountain reported better-than-expected second-quarter financial results and issued FY24 AFFO guidance above estimates. Also, the company increased its quarterly dividend.
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is a &#8220;cold&#8221; stock, Cramer said.
On Sept. 17, the company inked a multi-year, multi-million-dollar contract with Nebraska Medicine. As per the deal, Palantir will utilize its Artificial Intelligence Platform (AIP) to enhance healthcare through <a href="https://www.benzinga.com/markets/equities/24/09/40898997/palantirs-ai-powers-nebraska-medicine-inks-multi-million-dollar-deal-to-advance-patient-care">transformative technologies</a>.
The &#8220;Mad Money&#8221; host recommended buying PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>). &#8220;That stock is a good one, rate increase or no,&#8221; he added.
On Sept. 12, B of A Securities analyst Ross Fowler reinstated PG&amp;E with a Buy and announced a $24 price target.
Price Action:
<ul>
<li>Iron Mountain shares gained 0.5% to settle at $116.45 on Wednesday.</li>
<li>Wells Fargo shares fell 0.5% to close at $54.26 during the session.</li>
<li>Palantir shares fell 0.2% to close at $36.38 during Wednesday's session.</li>
<li>PG&amp;E shares fell 1.8% to settle at $19.51.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40927530/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image: Wikimedia Commons

Jim Cramer: This Utilities Stock Is A Buy, Calls Wells Fargo A 'Winner'

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 15.97% on an annualized basis producing an average annual return of 28.78%. Currently, Iron Mountain has a market capitalization of $33.49 billion. 
Buying $1000 In IRM: If an investor had bought $1000 of IRM stock 5 years ago, it would be worth $3,537.15 today based on a price of $114.18 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726077631_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $3,500 Today

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 9.96% since its last report. The company recently reported that it has 11.49 million shares sold short, which is 4.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.33 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725563721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 5.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Benzinga's options scanner just detected over 14 options trades for Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) summing a total amount of $946,021.
At the same time, our algo caught 11 for a total amount of 885,810.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $125.0 for Iron Mountain over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Iron Mountain's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Iron Mountain's significant trades, within a strike price range of $105.0 to $125.0, over the past month.
<h3>Iron Mountain Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725467428_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$105.00</td>
<td>$222.0K</td>
<td style="text-align: right;">64</td>
<td>1.0K</td>
</tr>
<tr>
<td>IRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$105.00</td>
<td>$74.0K</td>
<td style="text-align: right;">64</td>
<td>1.4K</td>
</tr>
<tr>
<td>IRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$105.00</td>
<td>$74.0K</td>
<td style="text-align: right;">64</td>
<td>1.3K</td>
</tr>
<tr>
<td>IRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$105.00</td>
<td>$74.0K</td>
<td style="text-align: right;">64</td>
<td>1.2K</td>
</tr>
<tr>
<td>IRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.6</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$105.00</td>
<td>$74.0K</td>
<td style="text-align: right;">64</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h3>About Iron Mountain</h3>
Iron Mountain Inc is a record management services provider. It is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
<h3>Current Position of Iron Mountain</h3>
<ul>
<li>Trading volume stands at 331,125, with IRM's price down by -0.07%, positioned at $112.75.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 57 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Iron Mountain with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Iron Mountain Unusual Options Activity For September 04

RBC Capital raised the firm's price target on Iron Mountain (IRM) to $139 from $135 and keeps an Outperform rating on the shares. The company's Q3 ...

Iron Mountain price target raised to $139 from $135 at RBC Capital

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'Tis The Season For REIT Dividends

Iron Mountain to offer $750M senior notes in private placement

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Iron Mountain prices debt offering

NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount

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Goldilocks Data Upholds Fed Cut

Iron Mountain ( ($IRM) ) has provided an announcement. June Yee Felix, a seasoned leader in the financial services and technology sectors, has been...

Iron Mountain Appoints June Yee Felix as Director

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Press Releases

Iron Mountain to Present at Financial Conference

Iron Mountain Schedules Third Quarter 2024 Earnings Release and Conference Call

Iron Mountain Reports Third Quarter Results

Iron Mountain Expands Planned Data Center Capacity in Virginia by more than 350 Megawatts

Iron Mountain Incorporated Announces Debt Offering

Iron Mountain Incorporated Upsizes and Prices Debt Offering

Iron Mountain announces the election of June Yee Felix to the Board of Directors

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