IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $33.89, but opened at $36.72. IperionX shares last traded at $36.16, with a volume of 43,440 shares trading hands.
Wall Street Analyst Weigh In
IPX has been the topic of a number of research analyst reports. B. Riley cut their target price on shares of 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 upgraded shares of IperionX from a "sell" rating to a "hold" rating in a report on Friday, June 6th.
Get Our Latest Research Report on IperionX
IperionX Trading Down 1.6%
The firm's fifty day moving average is $28.73 and its two-hundred day moving average is $24.54.
Hedge Funds Weigh In On IperionX
Several institutional investors and hedge funds have recently made changes to their positions in IPX. Marshall Wace LLP purchased a new position in IperionX in the fourth quarter worth about $465,000. Stifel Financial Corp grew its stake in shares of IperionX by 27.9% in the fourth 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 period. Mercer Global Advisors Inc. ADV bought a new stake in shares of IperionX in the fourth quarter worth approximately $602,000. Bank of America Corp DE grew its stake in shares of IperionX by 15.8% in the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock worth $832,000 after acquiring an additional 3,293 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of IperionX in the fourth quarter worth approximately $283,000. Institutional investors own 2.76% of the company's stock.
IperionX Company Profile
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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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