IREN (IREN) has Gapped Down by 2.28% on 3.1M Volume Today (October 21, 2024).

by Knowledge Resources |

Here are some reasons it may have gapped down:

1) Earnings Miss: IREN reported earnings per share of €0.26 for the third quarter of 2024, missing analysts’ consensus estimate of €0.29.
2) Lowered Guidance: The company also lowered its guidance for the full year 2024, citing rising energy costs and supply chain disruptions.
3) Sector Weakness: The broader energy sector has been under pressure in recent weeks due to concerns about a potential global recession.

News Headlines (Last 5 Days):

October 21, 2024: IREN Misses Earnings Estimates, Shares Gap Down
October 19, 2024: Energy Stocks Slump Amid Recession Fears
October 18, 2024: IREN Lowers Guidance for 2024 Amid Rising Costs
October 17, 2024: Goldman Sachs Downgrades IREN to Sell
October 16, 2024: Supply Chain Disruptions Impact IREN’s Operations

Additional Information:

Short Interest: 1.5%
Analyst Ratings: 3 Buy, 5 Hold, 2 Sell
Technical Factors: The stock has broken below its 50-day moving average and is approaching its 200-day moving average.”