Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) saw unusually-high trading volume on Monday . Approximately 45,516 shares changed hands during trading, a decline of 19% from the previous session's volume of 56,371 shares.The stock last traded at $33.45 and had previously closed at $35.16.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Wall Street Zen raised IperionX from a "sell" rating to a "hold" rating in a report on Friday, June 6th. B. Riley cut their target price on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.
Check Out Our Latest Stock Report on IperionX
IperionX Stock Performance
The stock has a 50-day moving average of $27.13 and a 200 day moving average of $24.35.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in IPX. GAMMA Investing LLC increased its position in IperionX by 684.4% during the second quarter. GAMMA Investing LLC now owns 957 shares of the company's stock worth $30,000 after acquiring an additional 835 shares during the period. Bank of America Corp DE raised its stake in IperionX by 15.8% in the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after purchasing an additional 3,293 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of IperionX in the fourth quarter worth approximately $283,000. Corigliano Investment Advisers LLC purchased a new position in IperionX during the fourth quarter valued at $344,000. Finally, Jane Street Group LLC raised its position in IperionX by 70.4% in the 1st quarter. Jane Street Group LLC now owns 31,967 shares of the company's stock worth $575,000 after buying an additional 13,207 shares during the last quarter. Institutional investors own 2.76% of the company's stock.
About IperionX
(
Get Free Report)
IperionX's mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.
Further Reading
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