Iron Mountain shares edge up amid market surge

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Iron Mountain shares edge up amid market surge

Shares of Iron Mountain Inc . (NYSE: IRM ) saw a minor uptick on Monday, closing at $58.29, a 0.12% increase in an overall bullish session where the S&P 500 and Dow Jones surged by 1.20% and 1.58% respectively. Despite the rise, the company's stock ended the day $6.19 below its one-year peak of $64.48, which was achieved on September 20th.

In the same trading session, Iron Mountain's trading volume reached 1.6 million, marginally surpassing its 50-day average volume of 1.5 million. This suggests a heightened interest in the company from investors.

In comparison with other firms, Prologis Inc.'s (NYSE:NYSE: PLD ) shares witnessed a more substantial rise of 1.60%, closing at $98.88. IBM (NYSE:NYSE: IBM ) also experienced a slight increase in share value, with a marginal rise of 0.08% to $142.63.

On the other hand, Digital Realty Trust Inc .'s (NYSE:NYSE: DLR ) shares took a slight hit, falling by 0.22% to end the trading day at $122.08.

It's important to note that while Iron Mountain's shares rose modestly on Monday, they remain significantly below their one-year peak reached last month.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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