Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 49,647 shares traded hands during mid-day trading, a decline of 9% from the previous session's volume of 54,664 shares.The stock last traded at $33.31 and had previously closed at $30.93.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on IPX shares. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. B. Riley reduced their price target on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.
Get Our Latest Research Report on IPX
IperionX Price Performance
The company has a 50-day moving average price of $26.01 and a 200-day moving average price of $24.46.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in IPX. Marshall Wace LLP bought a new position in shares of IperionX in the 4th quarter worth $465,000. Stifel Financial Corp raised its stake in IperionX by 27.9% during the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock worth $30,968,000 after buying an additional 196,558 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in IperionX during the 4th quarter worth $602,000. Bank of America Corp DE raised its stake in IperionX by 15.8% during the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock worth $832,000 after buying an additional 3,293 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in IperionX during the 4th quarter worth $283,000. 2.76% of the stock is currently owned by institutional investors.
About IperionX
(
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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.
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