IperionX Limited (NASDAQ:IPX – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $31.50, but opened at $29.00. IperionX shares last traded at $28.60, with a volume of 2,874 shares trading hands.
Analyst Ratings Changes
Separately, B. Riley started coverage on shares of IperionX in a research note on Thursday, October 10th. They set a “buy” rating and a $30.00 target price on the stock.
View Our Latest Stock Report on IperionX
IperionX Price Performance
Institutional Investors Weigh In On IperionX
Several hedge funds and other institutional investors have recently bought and sold shares of IPX. Symmetry Peak Management LLC bought a new position in shares of IperionX in the third quarter valued at $228,000. Jane Street Group LLC lifted its holdings 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 purchasing an additional 15,202 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of IperionX in the 3rd quarter valued at $368,000. Ballentine Partners LLC purchased a new position in IperionX in the 3rd quarter worth about $529,000. Finally, Stifel Financial Corp raised its holdings in IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock worth $15,671,000 after buying an additional 179,650 shares during the period. 2.76% of the stock is currently owned by institutional investors.
About IperionX
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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