IREN stock slips in premarket after last week’s 26% run — what traders watch next
IREN shares dropped about 6% to $54.25 in early premarket trading Tuesday, pulling back after a 26% surge last week. The move follows a $9.7 billion GPU cloud deal with Microsoft and a $5.8 billion purchase agreement with Dell. Bitcoin prices slipped 2% early Tuesday, adding pressure to sentiment. IREN’s next earnings report is set for Feb. 18.