Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $28.42, but opened at $29.70. IperionX shares last traded at $29.35, with a volume of 32,317 shares trading hands.
Analysts Set New Price Targets
IPX has been the topic of a number of recent analyst reports. Wall Street Zen raised IperionX from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. B. Riley decreased their target price on IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd.
Check Out Our Latest Analysis on IPX
IperionX Stock Performance
The stock has a 50 day moving average price of $23.15 and a two-hundred day moving average price of $24.37.
Hedge Funds Weigh In On IperionX
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new position in shares of IperionX in the fourth quarter worth $241,000. Sowell Financial Services LLC purchased a new stake in IperionX in the 4th quarter worth approximately $1,597,000. Marshall Wace LLP purchased a new position in shares of IperionX in the 4th quarter valued at approximately $465,000. Stifel Financial Corp raised its stake in IperionX by 27.9% during the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock valued at $30,968,000 after buying an additional 196,558 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in IperionX during the fourth quarter valued at $602,000. Hedge funds and other 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.
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