Iridium Communications (IRDM, $28.74) was a top loser this quarter, falling -20.73%. Expect a Downtrend continuation

A.I.dvisor
at Tickeron.com
04/24/24
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IRDM - Iridium Communications
3-month drop
Bearish Trend
Odds of DOWN Trend

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Price: $28.74
Daily change: +$0.63 (+2.24%)
Daily volume: 1.6M
3-month price change: -$7.52 (-20.73%)
Capitalization: $3.5B
Industry: Wireless Telecommunications
Iridium Communications (IRDM, $28.74) was a top loser over the last three months, falling -2 to $28.74 per share. A.I.dvisor analyzed 175 stocks in the Wireless Telecommunications Industry for the 3-month period ending April 23, 2024, and found that of them (3) exhibited an Uptrend while of them (6) demonstrated a Downtrend. 181 similar cases when IRDM's price dropped within three months. In out of those 181 cases, IRDM's price went down during the following month. Based on these historical data, the odds of a Downtrend continuation for IRDM are
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IRDMDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a company, which engages in providing satellite communications products and services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Wireless Telecommunications
Address
1750 Tysons Boulevard
Phone
+1 703 287-7400
Employees
766
Web
https://www.iridium.com