Intrepid Potash Inc (IPI) Shares are Down -0.76%

Intrepid Potash Inc (IPI) : During the past 4 weeks, traders have been relatively bearish on Intrepid Potash Inc (IPI), hence the stock is down -13.64% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.82% relative to the S&P 500. The 4-week change in the price of the stock is -12.75% and the stock has fallen -0.76% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.42% and the 50-Day Moving Average is 7.22%. Intrepid Potash Inc (NYSE:IPI): On Fridays trading session , Opening price of the stock was $1.35 with an intraday high of $1.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.3. However, the stock managed to close at $1.3, a loss of 3.70% for the day. On the previous day, the stock had closed at $1.35. The total traded volume of the day was 716,519 shares.


The company Insiders own 27.2% of Intrepid Potash Inc shares according to the proxy statements. Institutional Investors own 44.83% of Intrepid Potash Inc shares. Also, CLSA upgrades its view on Intrepid Potash Inc (NYSE:IPI) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. The rating by the firm was issued on May 10, 2016.

Intrepid Potash, Inc. is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States. The Company sells potash and Trio into the agricultural market as a fertilizer. The Company also sells produce salt, magnesium chloride and metal recovery salts from its potash mining processes. The Company owns three solution mining facilities and two conventional underground facilities that are utilized for producing potash. Its solution mining production comes from the HB solar solution mine near Carlsbad, New Mexico, a solar solution mine near Moab, Utah and a solar evaporation shallow brine mine in Wendover, Utah. The Companys conventional production comes from its underground West and East mines near Carlsbad, New Mexico, which services the West and HB mines.

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