Scholastic Appoints New President, Stock Rises 15%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Should l Buy IRDM?
Source: Benzinga
- Scholastic Appointment: On January 5, Scholastic appointed Jeffrey Mathews as president of Scholastic Education, leading to a 15% stock increase over the past month, currently priced at $33.44, indicating positive developments in the education market.
- Iridium Board Change: Iridium appointed Louis Alterman to its board on December 4, with an 8% stock rise over the past five days, currently at $19.34, reflecting enhanced market confidence due to improved governance.
- Sphere Rating Upgrade: Sphere Entertainment was upgraded from Neutral to Buy by Seaport Global analyst David Joyce on January 9, with a price target of $106, and a 6% stock increase over the past month, currently at $95.26, indicating optimistic market expectations for future growth.
- RSI Indicator Analysis: All three companies show overbought signals, with Scholastic's RSI at 74.5, Iridium at 70.1, and Sphere at 70.2, suggesting investors should be cautious of potential short-term price volatility that may impact trading decisions.
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Analyst Views on IRDM
Wall Street analysts forecast IRDM stock price to rise
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 24.240
Low
16.00
Averages
25.83
High
37.00
Current: 24.240
Low
16.00
Averages
25.83
High
37.00
About IRDM
Iridium Communications Inc. operates the mobile voice and data satellite communications network that spans the entire globe. The Company enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, it delivers a portfolio of solutions for markets that require global communications. Its principal vertical lines of business include land mobile, maritime, aviation, IoT, hosted payloads and other data services, which includes navigation and timing (PNT), and the United States government. Its products include Iridium 9555, Iridium Extreme satellite phones, Iridium Extreme PTT, Iridium GO! Iridium GO!, and others. It provides voice and data communications services to businesses, the United States and foreign governments, non-governmental organizations, and consumers via its satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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