Published on 9 May 2024 on Zacks via Yahoo Finance
Is Trending Stock Iridium Communications Inc (IRDM) a Buy Now?
Iridium Communications (IRDM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this satellite phone company have returned +18.3%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Satellite and Communication industry, which Iridium falls in, has gained 13.7%. The key question now is: What could be the stock's future direction?