Market Whales and Their Recent Bets on IREN Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Iris Energy (NASDAQ:IREN) through significant options trading. The sentiment is split with 37% bullish and 50% bearish. The trading activity suggests a price target range of $9.0 to $17.5. Analysts have mixed ratings with a consensus target price of $19.2.
July 29, 2024 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
High-rolling investors have shown a bearish sentiment on Iris Energy (NASDAQ:IREN) through significant options trading. The sentiment is split with 37% bullish and 50% bearish. The trading activity suggests a price target range of $9.0 to $17.5. Analysts have mixed ratings with a consensus target price of $19.2.
The significant bearish sentiment from high-rolling investors, as indicated by the options trading data, suggests a potential short-term downward pressure on IREN's stock price. The mixed analyst ratings add to the uncertainty, although the consensus target price is higher than the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100