IREN ( (IREN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Iris Energy shares came under pressure as traders positioned for a potentially sharp move around the company’s upcoming earnings report. Options activity picked up slightly, with more investors buying call options than puts, and implied volatility rose, signaling that the market expects the stock to swing noticeably once the results are released.
More about IREN
YTD Price Performance: 18.98%
Average Trading Volume: 39,414,036
Technical Sentiment Signal: Buy
Current Market Cap: $14.72B
For further insights into IREN stock on TipRanks’ Stock Analysis page.
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