IREN stock price forecast: Why the shares are sliding and what to watch before earnings
IREN Ltd shares dropped 2.8% to $44.63 in late trading Wednesday, tracking declines in bitcoin and crypto-linked stocks. Volume topped 16 million shares. A Zacks note flagged IREN’s high valuation and weak momentum below its 50-day moving average. Investors are watching for U.S. macro data this week and IREN’s earnings on Feb. 11.