The analyst strongly advises exiting the IREN stock, expressing a high conviction bearish stance.
Company disclosed large stock-based compensation, insiders sold significant shares, and wasted money on a t-shirt patch, leading to a negative view.
I never hated a company this much. It deserves to go to zero. Get out while you can.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -10.4% | -10.3% |
| 1 week | -0.7% | -0.7% |
| 1 month | -15.1% | -15.2% |
| 3 months | — | — |
| 6 months | — | — |