Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $30.03, but opened at $28.39. IperionX shares last traded at $27.83, with a volume of 11,810 shares trading hands.
Analyst Upgrades and Downgrades
IPX has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of 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.
Read Our Latest Analysis on IPX
IperionX Trading Down 7.8%
The company's 50-day moving average is $25.20 and its 200-day moving average is $24.43.
Institutional Trading of IperionX
Several large investors have recently bought and sold shares of IPX. Atlantic Union Bankshares Corp acquired a new stake in IperionX in the fourth quarter valued at about $241,000. Sowell Financial Services LLC bought a new stake in IperionX during the 4th quarter worth $1,597,000. Marshall Wace LLP bought a new stake in IperionX during the 4th quarter worth $465,000. Stifel Financial Corp grew its position 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 acquiring an additional 196,558 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of IperionX during the fourth quarter worth about $602,000. 2.76% of the stock is owned by institutional investors and hedge funds.
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.
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