Trade Flow Analysis for Iron Mountain

Posted on 06/13/2012 by Peter Mankowitz


NEW YORK (AVAFIN) -- During the last trading session, a new 90-day call record for traded contracts was established. There were 3.3 calls traded for every put contract yielding a 0.31 put/call ratio.

Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying equity. A high put/call ratio suggests that the investor sentiment is bearish and that investors are expecting the underlying stock price to decrease. On the other hand, a low put/call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

Because IMAX theaters typically exhibit only one film at a time, the company can cherry-pick the hundreds of movies that come out each year for inclusion in the approximately 20 movies it exhibits each year. As of May 2011, 22 out of the last 23 Hollywood movies released at IMAX theaters were number-one openers at the box office. Additionaly, IMAX has a large technological edge over competitors, and film studios and movie theater exhibitors have a strong incentive to partner with IMAX, as IMAX films typically have a box office per screen more than four times higher than traditional screens. IMAX theaters have higher ticket prices and draw significantly more theatergoers than conventional 2D or 3D screens.

The trading volume of 3M is above the 90 day average volume of 2M shares. Shares of Iron Mountain edged up $0.23 (+0.71%) to $32.85. The price of the stock ranged between a low of $32.41 and $33.11 respectively.

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