In trading on Wednesday, shares of Iridium Communications Inc (NASDAQ:IRDM) crossed above their 200 day moving average of $8.58, changing hands as high as $8.64 per share. Iridium Communications Inc shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of IRDM shares, versus its 200 day moving average:
Looking at the chart above, IRDM's low point in its 52 week range is $7.65 per share, with $11.13 as the 52 week high point — that compares with a last trade of $8.49.
IRDM operates in the Communications Services sector, among companies like P.T. Telekomunikasi Indonesia (NYSE:TLK) which is up about 0.8% today, and Mobile Telesystems OJSC (NYSE:MBT) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of IRDM, versus TLK and MBT.
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