Platform & data provider IRE bounced +2.6% yesterday but it’s hardly dented the stock’s plunge over the last 18 months – its -25% fall this year to date is actually tame compared to its declines since August 2021. IRE has enjoyed dominant positions in the markets they operate however competition is increasing for both customers and also for staff, plus they have made some questionable decisions on platform roll-outs/roll backs in recent times. Iress is a platform we use every day, and it remains ripe for disruption.
- We see no reason to fight this particular downtrend.
MM is neutral/beaish IRE around $9.60
Add To Hit List
