The most recent trading session ended with Iron Mountain (IRM) standing at $74.42, reflecting a -0.97% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw an upswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.52%.Shares of the real estate investment trust have depreciated by 6.26% over the course of the past month, outperforming the Finance sector's loss of 6.38% and lagging the S&P 500's loss of 1.66%.The investment commun ...

Iron Mountain (IRM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this real estate investment trust have returned -6.3% over the past month versus the Zacks S&P 500 composite's -1.7% change. The Zacks REIT and Equity Trust - Other industry, to which Iron Mountain belongs, has lost 8.7% over this period. Now the key question is: Where could the stock be headed in the near te ...

The U.S. inflation rate remains stubborn despite a restrictive monetary policy and an extremely high interest rate regime in the last 24 months. On Apr 10, the Department of Labor reported that the consumer price index (CPI) for March rose 0.4% sequentially and 3.5% year over year. The consensus estimate was for a gain of 0.3% sequentially and 3.4% year over year. The metric for February was for a rise of 0.4% sequentially and 3.2% year over year.Core CPI (excluding volatile food and energy items) for March ...

With recession-proof stocks, this approach is the football equivalent of running the so-called jumbo package. Here, the idea is to get a few critical yards to move the sticks or get into the endzone. However, like the last-mile problem, those yards are often difficult to get.So, what to do? Simple – just grab your biggest, meanest players and run the ball up the middle. It’s not elegant, it doesn’t involve any chicanery and it’s rather predictable. As coaches across all sporting disciplines love to say, it’ ...

Iron Mountain (IRM) ended the recent trading session at $79.20, demonstrating a +0.58% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.15%. Elsewhere, the Dow saw a downswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.32%.The real estate investment trust's shares have seen a decrease of 2.42% over the last month, not keeping up with the Finance sector's loss of 1.77% and the S&P 500's gain of 1.65%.The investment community will be closely monitoring ...

With a steady increase in Treasury yields due to sticky inflation data, the broader U.S. equity market witnessed a downward trajectory over the past few trading days. The benchmark 10-year Treasury yields climbed to their highest levels since November 2023 and hovered in the vicinity of 4.4%, dragging the equity markets down. Investors began to fret about its probable impact on the Federal Reserve’s next policy meeting in May, with the odds of a rate cut declining significantly.The Core Personal Consumption ...

Shares of Iron Mountain Incorporated (IRM) have gained 12.4% year to date against the industry’s fall of 7%.This Boston, MA-based real estate investment trust (REIT) continues to benefit from its stable and resilient core storage and records management businesses, enabling it to ride the growth curve. The company’s strategic acquisitions and data center business expansion efforts are likely to have paid off well.In February 2024, this Zacks Ranks #1 (Strong Buy) company reported fourth-quarter 2023 adjusted ...

Markets tumbled on Tuesday led by a selloff among the medical sector as US regulators unexpectedly declined to raise payments for private Medicare plans.Additionally, manufacturing data indicated that commodity price pressures are still subdued and left doubts that the Fed will cut rates during the second quarter as markets have anticipated. The 10-year Treasury yield also rose to its highest level in 2024 at 4.37%, indicating a tug and pull effect is on the horizon from investors fleeing bonds and seeking ...

The leading benchmark indices notched all-time closing highs yesterday as the Federal Reserve held interest rates steady, in line with widespread expectations. Despite the federal funds rate level (in the range between 5.25% and 5.50%) being the highest in more than 23 years, the Fed kept the rates unchanged and pledged to cut the same thrice in 2024. This propelled the stock markets to record highs on optimism that the rate cuts will buoy the economic growth, which is projected to grow at a 2.1% annualized ...

Iron Mountain Incorporated (IRM) is well-poised to benefit from its resilient business model and expansion into the data center business. Its solid balance sheet position also bodes well.Last month, this Boston, MA-based real estate investment trust (REIT) reported fourth-quarter adjusted funds from operations (AFFO) per share of $1.11, surpassing the Zacks Consensus Estimate of $1.05. Moreover, the figure improved 8.8% on a year-over-year basis, attributable to solid performances in the storage and service ...