IRM
Moving with the market
- IRM +0.19% on the last session vs SPY +0.04%: +0.1 pts of stock-specific move.
- Aftermath, crossed below 200-day avg (Oct 14): After its 8 crosses below the 200-day average in the past 5 years, IRM was higher a day later 6 times out of 8; half the outcomes fell between +1.0% and +1.8%. History, not a forecast.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
Bargain & stretch prices
Prices IRM only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
112.84 +1.8% ↑ more often after a big drop
reached 3 in 10 days · 31% vs usual 28% |
115.34 +4.0% ↑ more often after a big drop
reached 3 in 10 weeks · 31% vs usual 30% |
| Now | 111.07 · prior close 110.86 | |
| Bargain buy side |
108.91 -1.8% reached 3 in 10 days reached today |
106.56 -3.9% reached 3 in 10 weeks |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 108.29 | 2 in 10 days | 113.49 | 2 in 10 days↑ 20% vs 17% |
| Balanced | 108.91 | 3 in 10 days | 112.84 | 3 in 10 days↑ 31% vs 28% |
| Eager | 109.50 | 4 in 10 days | 112.24 | 5 in 10 days↑ 49% vs 45% |
| Next 5 sessions | ||||
| Patient | 105.20 | 2 in 10 weeks | 116.83 | 2 in 10 weeks |
| Balanced | 106.56 | 3 in 10 weeks | 115.34 | 3 in 10 weeks↑ 31% vs 30% |
| Eager | 107.84 | 4 in 10 weeks | 113.96 | 5 in 10 weeks↑ 49% vs 48% |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From IRM's daily swings (about 1.8% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
- Stretch price, next session: reached 31% of days instead of the usual 28% (held in 9 of 10 years)
- Stretch price, next 5 sessions: reached 31% of weeks instead of the usual 30% (held in 8 of 10 years)
| Date | That day | 1 week on | 1 month on | 3 months on |
|---|---|---|---|---|
| Sep 23, 2026 | -2.6% | -3.6% | — | — |
| Sep 14, 2026 | -2.7% | +5.1% | +3.1% | — |
| Aug 28, 2026 | -4.3% | -0.5% | -4.3% | — |
| Aug 18, 2026 | -2.5% | -4.6% | -9.3% | — |
| Aug 6, 2026 | -4.1% | +3.8% | -4.2% | — |
| Jul 29, 2026 | -3.9% | +5.3% | +1.6% | — |
| Jun 30, 2026 | -2.8% | -8.6% | -1.3% | -11.0% |
| Jun 5, 2026 | -4.3% | +2.1% | -6.7% | -5.6% |
Big drop and big gain: among IRM's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| Highest analyst target | 155.00 +39.6% |
| Mean analyst target | 145.09 +30.6% |
| All-time and 52-week closing high Jun 23, 2026 |
132.03 +18.9% |
| Lowest analyst target | 132.00 +18.8% |
| 50-day average | 116.48 +4.9% |
| Stretch, next 5 sessions | 115.34 +3.8% |
| 200-day average | 112.36 +1.2% |
| Now | 111.07 |
| Previous close Oct 14, 2026 |
110.86 -0.2% |
| Bargain, next 5 sessions | 106.56 -4.1% |
| 52-week closing low Dec 18, 2025 |
77.09 -30.6% |
Closing prices (all-time = the 31 years Yahoo has). Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.