Jim Cramer Says “Sell IREN”… and the Stock Goes Up

[bonk]

CNBC’s Jim Cramer urged investors to sell any company raising capital, calling out IREN directly.
But traders quickly joked about the infamous “inverse Cramer effect”—the idea that the market moves the opposite direction of his predictions.
Right on cue, IREN shares bounced nearly 8%, despite being far below its October high of $62.
Dip-buyers and meme sentiment might have helped fuel the turnaround.

[Nahid Hossen]

Classic Cramer effect — the opposite happens again!

[Abdul Khan]

Market irony at its finest. IREN pumped right after the call.

[Rimon Khan]

Right on cue, IREN shares bounced nearly 8%, despite being far below its October high of $62.