IREN Ltd’s recent filing unveils that 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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JP Morgan downgraded its IREN Ltd [IREN] rating to a Neutral from a an Overweight in a research note published on December 10, 2024; the price target was increased to $15 from $9.50. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Needham began covering IREN with “Hold” recommendation on September 04, 2024. Bernstein started covering the stock on July 10, 2024. It rated IREN as “an Outperform”.
Price Performance Review of IREN
On Tuesday, IREN Ltd [NASDAQ:IREN] saw its stock fall -7.93% to $13.36. Over the last five days, the stock has gained 3.33%. IREN Ltd shares have risen nearly 86.85% since the year began. Nevertheless, the stocks have risen 129.55% over the past one year. While a 52-week high of $15.92 was reached on 12/06/24, a 52-week low of $3.56 was recorded on 02/05/24. SMA at 50 days reached $10.28, while 200 days put it at $8.49.
Levels Of Support And Resistance For IREN Stock
The 24-hour chart illustrates a support level at 12.74, which if violated will result in even more drops to 12.13. On the upside, there is a resistance level at 14.25. A further resistance level may holdings at 15.15. The Relative Strength Index (RSI) on the 14-day chart is 57.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.91%. Stochastics %K at 77.20% indicates the stock is a holding.
How much short interest is there in IREN Ltd?
A steep rise in short interest was recorded in IREN 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.
