IperionX Limited (NASDAQ:IPX – Get Free Report)’s stock price traded down 7.6% during trading on Friday . The company traded as low as $29.10 and last traded at $29.10. 26,887 shares were traded during mid-day trading, a decline of 18% from the average session volume of 32,650 shares. The stock had previously closed at $31.50.
Wall Street Analysts Forecast Growth
Separately, B. Riley assumed coverage on shares of IperionX in a report on Thursday, October 10th. They set a “buy” rating and a $30.00 price objective for the company.
Check Out Our Latest Analysis on IPX
IperionX Stock Down 9.2 %
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Stifel Financial Corp grew its stake in shares of IperionX by 34.3% in the third quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock worth $15,671,000 after acquiring an additional 179,650 shares during the last quarter. Ballentine Partners LLC acquired a new stake in IperionX in the 3rd quarter worth $529,000. Tidal Investments LLC bought a new position in shares of IperionX during the 3rd quarter worth about $368,000. Jane Street Group LLC raised its position in shares of IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after buying an additional 15,202 shares during the last quarter. Finally, Symmetry Peak Management LLC bought a new stake in shares of IperionX in the third quarter valued at about $228,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.
IperionX Company Profile
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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