What's going on at iren (nasdaq:iren) In this video, we break down what happened in today’s trading session, what’s driving the volatility, and whether this move represents a buying opportunity or the start of something more serious. Read today's iren news from trusted media outlets at marketbeat.
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The stock traded as low as $61.10 and last traded at $61.83
The stock had previously closed at $67.98.
Iren limited's stock price decreased by 2.3% to $67.98, with trading volume significantly above average at 47.5 million shares Several research firms have upgraded their price targets for iren, with a consensus rating of moderate buy and an average target of $51.64. Market players and professional pundits alike are making this company quite the investor darling. Iren stock fell over 12% after jp morgan downgraded its rating to 'underweight', citing downside risks following a significant rally
Despite the downgrade, jp morgan raised its price target. Iren stock saw a bearish shift in rating from jpmorgan chase & co., which downgraded the stock to ‘underweight’ from ‘neutral’ amid questions about the sustainability of its recent valuation surge, according to thefly.
