Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Iren Stock Was Getting Clobbered This Week

TheMotleyFool 
0 0 19.12.25
Why Iren Stock Was Getting Clobbered This Week: https://g.foolcdn.com/editorial/images/848054/person-looking-at-laptop-screen-with-head-in-hands.jpg
 

(NASDAQ: IREN), a crypto miner that's been leaning harder into its data center operations, hasn't been an investor favorite over the past few trading sessions. It's struggling with several headwinds, notably the recent decline in the popularity of cryptocurrency, and a broad investor pull-back from artificial intelligence (AI)-linked companies (such as next-generation data center operators).

Compounding this, a prominent investment bank flagged several data center companies as promising investments, but Iren wasn't one of them. As of early morning Friday, the company's shares were down by nearly 11% week-to-date, according to data compiled by S&P Global Market Intelligence.

That researcher was white-shoe investment bank Goldman Sachs, which on Thursday initiated coverage of several data center stocks. The company's prognosticator Michael Ng was bullish on data center real estate investment trusts (REITs) and Digital Realty Trust, flagging them both as buys.

Continue reading


Source Fool.com

Iren SpA Stock

€2.81
1.300%
There is an upward development for Iren SpA compared to yesterday, with an increase of €0.036 (1.300%).
Currently there is a rather positive sentiment for Iren SpA with 3 Buy predictions and 0 Sell predictions.
With a target price of 4 € there is a positive potential of 42.25% for Iren SpA compared to the current price of 2.81 €.
Show more
Like: 0
IREN
Share

Comments

Not a member yet? Sign up for free!