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 fall -8.17% to $9.56. Over the last five days, the stock has lost -8.17%. Iris Energy Ltd shares have risen nearly 33.71% since the year began. Nevertheless, the stocks have risen 151.58% over the past one year. While a 52-week high of $15.75 was reached on 07/08/24, a 52-week low of $3.41 was recorded on 02/05/24. SMA at 50 days reached $9.32, while 200 days put it at $8.19.
Levels Of Support And Resistance For IREN Stock
The 24-hour chart illustrates a support level at 9.26, which if violated will result in even more drops to 8.96. On the upside, there is a resistance level at 10.11. A further resistance level may holdings at 10.66. The Relative Strength Index (RSI) on the 14-day chart is 46.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.10%. Stochastics %K at 28.08% 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 2024-11-15, dropping by -0.54 million shares to a total of 10.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.7 million shares. There was a decline of -5.36%, which implies that there is a negative sentiment for the stock.
