Iron Mountain (IRM) Worth a Look: Stock Rises 7.7%
Iron Mountain Inc. (IRM) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up 12.2% in the past one-month time frame.
This business services company has seen a mixed track record when it comes to estimate revisions with six decreases and just one increase in the past one month. The Zacks Consensus Estimate moved lower over the past month, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Iron Mountain currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
However, some better performing business services stocks include Accelrys Inc. (ACCL), Wipro Ltd. (WIT) and SYNNEX Corp. (SNX). All these stocks carry a Zacks Rank #2 (Buy).
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