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.
BTIG Research initiated its IREN Ltd [IREN] rating to a Buy in a research note published on December 20, 2024; the price target was $33. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Neutral”. ROTH MKM began covering IREN with “Buy” recommendation on October 02, 2024. Needham started covering the stock on September 04, 2024. It rated IREN as “a Hold”.
Price Performance Review of IREN
On Tuesday, IREN Ltd [NASDAQ:IREN] saw its stock fall -3.31% to $11.38. Over the last five days, the stock has gained 14.49%. IREN Ltd shares have risen nearly 15.89% since the year began. Nevertheless, the stocks have risen 83.84% over the past one year. While a 52-week high of $15.92 was reached on 01/07/25, a 52-week low of $3.56 was recorded on 01/02/25. SMA at 50 days reached $11.48, while 200 days put it at $9.07.
Levels Of Support And Resistance For IREN Stock
The 24-hour chart illustrates a support level at 10.92, which if violated will result in even more drops to 10.47. On the upside, there is a resistance level at 12.12. A further resistance level may holdings at 12.86. The Relative Strength Index (RSI) on the 14-day chart is 48.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.38%. Stochastics %K at 35.32% 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.
The most recent change occurred on July 10, 2024 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $26 price target.
