Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. IREN Ltd shares valued at $223,938 were purchased by Christopher Guzowski on Sep 17 ’24. At $7.73 per share, Christopher Guzowski acquired 28,970 shares.
As published in their initiating research note from BTIG Research on December 20, 2024, IREN Ltd [IREN] has been a Buy and the price target has been revised to $33. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of October 02, 2024, ROTH MKM has initiated its “Buy” rating for IREN. Earlier on September 04, 2024, Needham initiated its rating. Their recommendation was “a Hold” for IREN stock.
Analyzing IREN Stock Performance
During the last five days, there has been a surge of approximately 6.32%. Over the course of the year, IREN Ltd shares have jumped approximately 25.05%. Shares of the company reached a 52-week high of $12.60 on 01/17/25 and a 52-week low of $9.97 on 01/13/25. A 50-day SMA is recorded $11.76, while a 200-day SMA reached $9.35. Nevertheless, trading volume fell to 21.86 million shares from 18.51 million shares the previous day.
Support And Resistance Levels for IREN Ltd (IREN)
According to the 24-hour chart, there is a support level at 11.51, which, if violated, would cause prices to drop to 10.73. In the upper region, resistance lies at 12.80. The next price resistance is at 13.31. RSI (Relative Strength Index) is 54.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 12.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
