Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intrepid Potash Inc shares valued at $4,829,731 were sold by Jornayvaz Robert P III on Dec 11 ’24. At $25.08 per share, Jornayvaz Robert P III sold 192,573 shares. The insider’s holdings dropped to 178,860 shares worth approximately $4.14 million following the completion of this transaction.
Also, Jornayvaz Robert P III sold 159,513 shares, netting a total of over 4,006,967 in proceeds. Following the sale of shares at $25.12 each, the insider now holds 1,285,000 shares.
Before that, Jornayvaz Robert P III had sold 36,073 shares from its account. In a trade valued at $907,597, the 10% Owner traded Intrepid Potash Inc shares for $25.16 each. Upon closing the transaction, the insider’s holdings decreased to 36,073 shares, worth approximately $3.3 million.
As published in their initiating research note from ROTH Capital on November 04, 2020, Intrepid Potash Inc [IPI] has been a Buy and the price target has been revised to $11. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of December 05, 2017, Stephens has initiated its “an Equal-weight” rating for IPI. Earlier on August 07, 2017, UBS downgraded its rating. Their new recommendation was “a Sell” for IPI stock which previously was a “a Neutral”.
Analyzing IPI Stock Performance
During the last five days, there has been a surge of approximately 5.47%. Over the course of the year, Intrepid Potash Inc shares have jumped approximately 5.47%. Shares of the company reached a 52-week high of $23.34 on 01/06/25 and a 52-week low of $21.45 on 01/02/25. A 50-day SMA is recorded $25.36, while a 200-day SMA reached $23.87. Nevertheless, trading volume fell to 0.13 million shares from 71300.0 shares the previous day.
Support And Resistance Levels for Intrepid Potash Inc (IPI)
According to the 24-hour chart, there is a support level at 22.68, which, if violated, would cause prices to drop to 22.23. In the upper region, resistance lies at 23.39. The next price resistance is at 23.65. RSI (Relative Strength Index) is 45.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 41.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
