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 changing hands.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on IPX shares. 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. Wall Street Zen raised IperionX from a "sell" rating to a "hold" rating in a research report on Friday, June 6th.
View Our Latest Research Report on IPX
IperionX Stock Performance
The firm has a 50-day moving average price of $25.34 and a two-hundred day moving average price of $24.43.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in IperionX by 479.2% during the first quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock worth $39,000 after buying an additional 1,816 shares during the period. Citadel Advisors LLC purchased a new position in shares of IperionX in the 4th quarter valued at approximately $283,000. Corigliano Investment Advisers LLC purchased a new position in shares of IperionX in the 4th quarter valued at approximately $344,000. Marshall Wace LLP purchased a new position in shares of IperionX in the 4th quarter valued at approximately $465,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of IperionX in the 4th quarter valued at approximately $602,000. Institutional investors and hedge funds own 2.76% of the company's stock.
IperionX Company Profile
(
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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