In a filing, Iris Energy Ltd revealed its Director Christopher Guzowski acquired Company’s shares for reported $0.22 million on Sep 17 ’24. In the deal valued at $7.73 per share,28,970 shares were bought.
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ROTH MKM initiated its Iris Energy Ltd [IREN] rating to a Buy in a research note published on October 02, 2024; the price target was $14. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early September with a ‘”a Hold”‘ rating. Bernstein began covering IREN with “an Outperform” recommendation on July 10, 2024.
Price Performance Review of IREN
On Tuesday, Iris Energy Ltd [NASDAQ:IREN] saw its stock jump 2.34% to $8.73. Over the last five days, the stock has gained 8.45%. Iris Energy Ltd shares have risen nearly 22.10% since the year began. Nevertheless, the stocks have risen 187.17% over the past one year. While a 52-week high of $15.75 was reached on 07/08/24, a 52-week low of $2.79 was recorded on 02/05/24. SMA at 50 days reached $7.84, while 200 days put it at $7.44.
Levels Of Support And Resistance For IREN Stock
The 24-hour chart illustrates a support level at 8.37, which if violated will result in even more drops to 8.01. On the upside, there is a resistance level at 9.13. A further resistance level may holdings at 9.53. The Relative Strength Index (RSI) on the 14-day chart is 56.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.05%. Stochastics %K at 50.84% indicates the stock is a holding.
How much short interest is there in Iris Energy Ltd?
A steep rise in short interest was recorded in Iris Energy Ltd stocks on 2024-09-30, growing by 0.4 million shares to a total of 9.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.9 million shares. There was a rise of 4.26%, which implies that there is a positive sentiment for the stock.
