Iron Mountain (NYSE:IRM) Stock

Iron Mountain

Iron Mountain Inc is a record management services provider. It is organized as a REIT. Majority 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. It generates maximum revenue from Global RIM Business segment.

Iron Mountain Incorporated

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&#39;It&#39;s Like A Time Warp&#39;: Elon Musk Exposes Government&#39;s 1950s Retirement System — Still Processing Paperwork By Hand In A Limestone Mine

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Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures. 

Stocks Rise Despite Hot Producer Inflation, Intel Soars, Bitcoin Drops Below $96,000: What&#39;s Driving Markets Thursday?

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Iron Mountain Inc (NYSE: IRM) reported Q4 financial results with increased earnings and revenues. The company also declared a 10% dividend increase.

Iron Mountain Q4 Earnings: Storage And Data Center Revenue Growth, Dividend Climbs 10%, Strong 2025 Outlook

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

JP Morgan analyst Andrew Steinerman 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 $125 to $112.

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JP Morgan Maintains Overweight on Iron Mountain, Lowers Price Target to $112

During a briefing in the Oval Office on Feb. 11, <a href="https://www.benzinga.com/markets/25/02/43690690/elon-musk-urges-trump-to-delete-entire-agencies-as-doge-lead-calls-for-radical-us-spending-cuts-remove-the-roots-of-the-weeds">Elon Musk highlighted</a> an outdated government system that still processes federal retirements by hand—in a limestone mine in Pennsylvania that's been used since 1955.
"There's a limestone mine where we store all the retirement paperwork… This mine looks like something out of the '50s, because it was started in 1955, so it looks like it's, like, a time warp," Musk said. He went on to describe how the speed of an old elevator inside the mine determines how quickly retirements can be processed. "And when the elevator breaks down, <a href="https://www.benzinga.com/personal-finance/25/02/43606795/are-you-on-track-to-retire-richer-than-90-of-people-heres-the-nest-egg-you-need-to-rank-among-the-top-savers">nobody can retire</a>. Doesn't that sound crazy?"
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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
</ul>
The mine in Boyers, Pennsylvania, about 50 miles north of Pittsburgh, houses the Office of Personnel Management's Retirement Operations Center, where over 700 employees manually handle up to 10,000 retirement applications per month. <a href="https://www.usatoday.com/story/news/nation/2025/02/12/federal-retirement-mine-pennsylvania-elon-musk/78466272007/">According to USA Today</a>, a 2023 Inspector General report cited three main reasons for the backlog: a reliance on paper applications, staffing shortages, and errors in forms that slow down processing.
Musk criticized the inefficiency, revealing that the maximum number of retirees the system can handle in a month is 10,000, despite a growing backlog. In January, OPM received over 16,000 new retirement claims but processed only 6,700. Even when processing speeds improve, the backlog remains above 13,000 applications at any given time, USA Today reported.&nbsp;
Trending: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
Musk didn't hold back on the workforce issue either. "There needs to be a lot of people working for the federal government, but not as many as currently," he said. "Instead of working in a mine shaft, carrying manila envelopes to boxes in a mine shaft, you can do practically anything else and you would add to the goods and services of the United States in a more useful way."
The mine is owned and operated by Iron Mountain&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>), a storage and data managemen company. After Musk's comments, CNBC said that Iron Mountain's stock dropped over 10%, though CEO Bill Meaney downplayed the impact, pointing out that government document storage accounts for less than half a percent of the company's physical storage revenue. He also emphasized that Iron Mountain earns $130 million annually from digital transformation services, compared to just $10 million from storing government documents.
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
While the <a href="https://www.benzinga.com/news/25/02/43645267/labor-economist-says-musk-paying-full-annual-social-security-taxes-would-cut-the-deficit-by-1-20-imagine-expanding-that-to-20000-others">federal government has experimented</a> with digital retirement applications, full modernization could still take years. A 2014 Washington Post report detailed previous failed automation attempts, with over $100 million spent across three decades to try to update the system. More recently, Federal News Network reported last summer that OPM was piloting an online retirement application, though widespread adoption is still far off.
As Musk's Department of Government Efficiency initiative moves forward, his criticism has put new pressure on the government to overhaul an outdated system—one that, for now, is still running on paper, in a cave, with an elevator deciding when retirees get their benefits.
Read Next:
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
</ul>

'It's Like A Time Warp': Elon Musk Exposes Government's 1950s Retirement System — Still Processing Paperwork By Hand In A Limestone Mine

Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43692996/inflation-fears-mount-as-producer-prices-soar-to-35-put-fed-interest-rate-cut-on-ice">over persistent inflationary pressures. </a>
Despite the hotter-than-expected PPI reading—up 3.5% year-over-year in January, surpassing the 3.3% forecast—investors found some relief in certain PPI components that influence the Federal Reserve's preferred inflation gauge, which showed signs of <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43701823/economists-breathe-sigh-of-relief-why-producer-inflation-isnt-as-bad-as-it-seems">cooling compared to December.</a>
Investor risk appetite remained supported by expectations of ceasefire talks in Ukraine following a conversation between former President Donald Trump and Russian President Vladimir Putin a day earlier. 
By midday trading in New York, all major indices were in positive territory, with technology stocks leading the gains. Among semiconductor stocks, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) continued to rally, surging 10% after strong performances in prior sessions. 
The U.S. chipmaker benefited from renewed buying momentum following comments from Vice President J.D. Vance, who indicated that the Trump administration plans to ease regulations to accelerate AI chip innovation in the U.S.
Intel has now soared over 27% this week, tracking its best weekly performance since 1974. 
The U.S. dollar extended its decline as Treasury yields pulled back sharply, reversing Wednesday&#8217;s surge.
In commodities, gold edged up 0.4% to $2,918 per ounce, oil remained steady at $71 per barrel, and natural gas surged 2.4% to $3.66 per million British thermal units. 
Sentiment in cryptocurrency markets remained subdued, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sliding 2.4% to trade below $96,000.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
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<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
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<td>Nasdaq 100</td>
<td>21,903.94</td>
<td>0.9%</td>
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<td>S&amp;P 500</td>
<td>6,088.51</td>
<td>0.6%</td>
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<td>Dow Jones</td>
<td>44,493.13</td>
<td>0.3%</td>
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<td>Russell 2000</td>
<td>2,261.64</td>
<td>0.3%</td>
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<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.6% to $606.89.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.3% to $445.18.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.9% to $532.98.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.4% to $224.58.</li>
<li>The&nbsp;Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 1.1%; the&nbsp;Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to company earnings reports included:
<ul>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>): up 2.05%</li>
<li>Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>): down 7.8%</li>
<li>Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>): down 2.5%</li>
<li>American Electric Power Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>): down 0.6%</li>
<li>Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>): down 1.9%</li>
<li>Moody's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>): up 2.9%</li>
<li>Deere &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>): down 1.5%</li>
<li>PPL Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>): down 1.8%</li>
<li>MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>): up 17.9%</li>
<li>Paycom Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>): flat</li>
<li>HubSpot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>): up 1.6%</li>
<li>Lincoln Electric Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>): up 11.7%</li>
<li>Curtiss-Wright Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>): down 0.5%</li>
<li>West Pharmaceutical Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>): down 34%</li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>): up 1.1%</li>
<li>DTE Energy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>): up 2.4%</li>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): up 19.9%</li>
<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>): down 8.8%. </li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">Robert F. Kennedy, Vaccine Skeptic, Confirmed As Trump&#8217;s Secretary Of Health: Health Care Stocks To Watch</a></li>
</ul>
Photo: Ryan DeBerardinis via Shutterstock

Stocks Rise Despite Hot Producer Inflation, Intel Soars, Bitcoin Drops Below $96,000: What's Driving Markets Thursday?

Iron Mountain Inc&nbsp;(NYSE:&nbsp;IRM) reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43688275/iron-mountain-reports-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">fourth-quarter financial</a> results&nbsp;Wednesday before the bell. Here are the key metrics&nbsp;from the quarter.
Q4 Earnings Details:&nbsp;The company reported that the fourth quarter adjusted earnings per share was 50 cents.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/upgrades/25/02/43668326/globalfoundries-gains-analyst-upgrade-eyes-growth-in-automotive-and-ai-powered-data-centers" rel="noreferrer noopener">GlobalFoundries Gains Analyst Upgrade, Eyes Growth In Automotive And AI-Powered Data Centers</a>
Quarterly revenue of $1.58 billion, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of $1.60 billion</a>.
Total reported revenues (excluding the impact of foreign currency exchange) increased 11.4% compared to the prior year. This was driven by an 8.8% increase in storage rental revenue and a 17.2% increase in service revenue.
On a constant currency basis, adjusted EBITDA increased by 15.2% in the quarter Y/Y, driven by the increase in Global Records Information Management (RIM), Asset Lifecycle Management (ALM) and data center.
AFFO was $368.0 million for the quarter, compared with $327.6 million last year, an increase of 12.3% driven by improved adjusted EBITDA. AFFO per share was $1.24, higher by 12% Y/Y.
Dividend: The board declared a quarterly cash dividend of $0.785 per share, representing <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43688270/iron-mountain-increases-quarterly-dividend-per-share-by-10" rel="noreferrer noopener">an increase of 10%</a>.
CEO William L. Meaney said the company continues to execute well against its Project Matterhorn growth strategy, delivering double-digit revenue growth in the quarter with strength across each of our business segments.
2025 Outlook:&nbsp;Iron Mountain&nbsp;expects revenues of $6.65 billion–$6.80 billion&nbsp;versus the&nbsp;<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">$6.77 billion estimate</a>&nbsp;and AFFO per share of $4.85–$4.95.
Iron Mountain stock surged over 53% in the last 12 months, driven by growth in its core storage and records management business and strategic expansion into sectors like data centers.
Price Action:&nbsp;IRM stock is up 0.02% at $102.75 premarket at&nbsp;the last check on Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/government/regulations/25/02/43664402/lam-research-commits-1-2-billion-investment-in-india-eyes-63-billion-semiconductor-growth-market" target="_blank" rel="noreferrer noopener">Lam Research Commits $1.2 Billion Investment In India, Eyes $63 Billion Semiconductor Growth Market</a></li>
</ul>

Iron Mountain Sees FY25 AFFO Per Share $4.85-$4.95,  Revenue $6.65B-$6.80B vs $6.772B Est.

Iron Mountain Increases Quarterly Dividend By 10% To $0.785 /Share

Iron Mountain Q4 2024 AFFO $1.24, Sales $1.581B Miss $1.601B Estimate

The partnership will enable Ooredoo to expand its MENA footprint of hyperscale and AI data centre infrastructure, combining the strength of the company's local development and operational track record with Iron Mountain's global operating expertise.
 &nbsp;

Iron Mountain To Take Minority Equity Stake In Ooredoo's Data Centre Company MENA Digital Hub, No Terms Disclosed

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Hannon Armstrong Sustainable Infrastructure Capital

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Earnings Scheduled For February 13, 2025

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 lowers the price target from $135 to $125.

Wells Fargo Maintains Overweight on Iron Mountain, Lowers Price Target to $125

WIIM

Iron Mountain shares are trading lower. Barclays cut its price target on the stock from $131 to $130.

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 $131 to $130.

Barclays Maintains Overweight on Iron Mountain, Lowers Price Target to $130

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 5.52% since its last report. The company recently reported that it has 7.54 million shares sold short, which is 3.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.63 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/2025/1737658818_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 6.17%, 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

Trading Ideas

Peering 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 14.96% on an annualized basis producing an average annual return of 27.44%. Currently, Iron Mountain has a market capitalization of $29.99 billion. 
Buying $100 In IRM: If an investor had bought $100 of IRM stock 5 years ago, it would be worth $333.50 today based on a price of $102.20 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/2025/1736518523_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 This Stock 5 Years Ago Would Be Worth This Much Today

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/12/31/final-trades-amazon-uber-and-iron-mountain.html">Halftime Report Final Trades</a>,&#8221; Joseph M. Terranova of Virtus Investment Partners named Iron Mountain Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) as his final trade.
On Nov. 6, Iron Mountain reported third-quarter financial results. The company reported that the third quarter adjusted earnings per share was 44 cents. Quarterly revenue of $1.56 billion, beating the street view of $1.55 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Joshua Brown of Ritholtz Wealth Management said he likes Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) for the <a href="https://www.benzinga.com/24/12/42601327/amazon-investors-unbothered-as-warehouse-workers-walk-off-the-job-whats-going-on-with-the-e-commerce-giants-stock">balance of 2025</a>.
Amid peak holiday shopping, Amazon.com recently announced that its operations will remain unaffected despite a strike initiated by workers at seven of its U.S. facilities.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is &#8220;wildly oversold.&#8221; The ride hailing company has 30% to 50% earnings growth ahead, he says.
Taiwan's Fair Trade Commission (FTC) has reportedly blocked Uber&#8217;s $950 million acquisition of Delivery Hero's Foodpanda business due to anti-competitive concerns. The merger, which was initially announced in May 2023, would have significantly increased Uber Eats' dominance in Taiwan's food delivery market, giving the combined company over 90% of the <a href="https://www.benzinga.com/markets/equities/24/12/42678877/ubers-foodpanda-acquisition-blocked-in-taiwan-due-to-competition-concerns">market share, Reuters reported.</a>
Price Action:
<ul>
<li>Amazon shares fell 0.9% to close at $219.39 during Tuesday's session.</li>
<li>Uber shares gained 0.7% to close at $60.32 on Tuesday.</li>
<li>Iron Mountain shares gained 1.4% to settle at $105.11 on Tuesday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/12/42740135/how-to-earn-500-a-month-from-alphabet-stock">How To Earn $500 A Month From Alphabet Stock</a></li>
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Image: Shutterstock

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Amazon, Uber And A Real Estate Stock On CNBC's 'Final Trades'

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 4.68% since its last report. The company recently reported that it has 7.97 million shares sold short, which is 3.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.88 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/2024/1735675216_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 6.07%, 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 13.84% on an annualized basis producing an average annual return of 27.21%. Currently, Iron Mountain has a market capitalization of $31.07 billion. 
Buying $1000 In IRM: If an investor had bought $1000 of IRM stock 5 years ago, it would be worth $3,319.08 today based on a price of $105.89 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/2024/1735074910_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 This Much Today

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.

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

Press Releases

Iron Mountain Incorporated Upsizes and Prices Debt Offering

Iron Mountain to Present at Financial Conference

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

LivaNova Appoints Natalia Kozmina as Chief Human Resources Officer

Iron Mountain Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

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