IPI Intrepid Potash Inc Stock Overview U.S.: NYSE

ipi stock price

AMC was expected to issue additional shares after the successful conversion of the preferred APE shares into AMC common stock in August. The company originally issued those preferred shares as part of a strategy to get shareholder approval to sell additional common stock. Shares of AMC Entertainment fell more than 14% in premarket trading after the theater chain said in a filing that it plans to sell up to 40 million shares new shares to raise cash. The ISM Services index registered a 54.5% reading, representing the share of companies reporting growth during the period. That was up 1.8 percentage points from the July reading and better than the 52.5% forecast from the Dow Jones consensus.

ipi stock price

The IPO market has suffered a big lull over the past year as an aggressive Federal Reserve and recession fears diminished appetite. Now with interest rates stabilizing and the stock market rising double digits this year, demand for new issuance could be higher. More increases may be ahead for the Federal Reserve depending on the data, but the central bank can take a more patient approach to policymaking, according to Boston Federal Reserve President Susan Collins. The Roundhill MEME ETF (MEME) shed about 1.7%, getting on track for a second straight day of losses. KLA Corporation shares also gained to its highest level back to KLA Instruments’ IPO in 1980.

Earnings Transcripts

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. “Growth valuations have only corrected slightly vs. Value and remain extremely elevated,” Lori Calvasina, head of U.S. strategy, wrote in a note dated Tuesday.

ipi stock price

As of Wednesday afternoon, traders are pricing in a greater than 40% probability of a hike in November and a 93% chance that the central bank holds rates steady this month, according to the CME Group. That follows the prices component of the ISM manufacturing index jumping 5.8 points to 48.4%. While readings below 50% represent contraction in the ISM survey, the big one-month jump is a reversal from the recent trend. The prices paid component rose slightly more than expected, further fueling rate hike fears. Pressured by rates, technology stocks underperformed, with the tech-heavy Nasdaq notching a third straight day of losses. The biggest laggards included Nvidia and Apple, dropping more than 3% each.

Earnings Preview: Intrepid Potash (IPI) Q1 Earnings Expected to Decline

The company said it expects a 5% to 7% decline in unit revenue from last year in the current period. Southwest had previously forecasted that revenue could drop as little as 3% year over year. Overstock and Digital Brands were among the biggest laggards in the index, with both down more than 15%. Major tech stocks https://1investing.in/ including Apple, Tesla, Microsoft, Netflix and Meta Platforms also all traded lower in the session. The filing for Amer Sports comes a day after chip design firm Arm is seeking a valuation as much as $52 billion in a blockbuster IPO on the Nasdaq stock exchange, setting a price range between $47 and $51.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Brent crude futures fell 0.4% to $89.67 per barrel, breaking back below the $90 mark. The U.S. trade deficit with its global partners rose less than expected in July, the Commerce Department reported Wednesday. Southwest shares moved slightly lower after the airline narrowed its third-quarter revenue outlook and said it anticipates higher-than-expected fuel costs. The services sector of the U.S. economy expanded at a faster-than-expected pace in August, according to an Institute for Supply Management gauge released Wednesday.

Intrepid Announces Second Quarter 2023 Results

The deal could value the company at as much as $10 billion, and Amer plans to list by early next year, according to the Wednesday report. Big decliners in the ETF include Snap, down 5.8%, and Tilray Brands, off 6.1%. Synopsys also rose 0.3%, help shares trade at an all-time high back to its IPO in February 1992. Other notable losers in the broad market index include Paramount and Conagra Brands, which are both trading at lows not seen since April 2020.

Mortgage applications fell 2.9% last week to the lowest level since December 1996, according to the Mortgage Banker Association’s seasonally adjusted index. There’s limited upside potential ahead for Block as a softening consumer discretionary spending outlook will likely slow down gross profit growth for the Square and Cash App parent, according to UBS. The price of oil slipped on Wednesday, reversing some of Tuesday’s upward move that came on the heels of Saudi Arabia extending its production cuts. Southwest also said that it anticipated fuel costs will average $2.70 to $2.80 a gallon this quarter, up from a previous estimate of a $2.55 to $2.65 increase. A final reading of the Purchasing Managers Index, a measure of health within the services sector, came in lower than expected in August.

Intrepid Potash Inc. IPI (U.S.: NYSE)

Since its IPO in 2019, Ruggeri noted that Chewy’s revenue has nearly tripled to $10 billion and its gross margin has expanded by 800 basis points to 28%. The company is now expanding into high-margin businesses like pet medications, pet insurance and sponsored ads, she noted. Analyst Peter Arment upgraded the stock to outperform in a Wednesday note. Stocks finished lower on Wednesday, and the Nasdaq Composite fell for a third straight day.

In the latest installment of the central bank’s progress report on the national economy, businesses reported that consumers spent more on tourism and travel while other areas saw slowness in the summer months. “We think TJX may be best-positioned given its better brands to see more young trade-down customers now that they’re repaying student loans again,” analyst Laura Champine said. “We recommend that investors buy TJX even into strength as we see further upside potential in F2H.” Analyst Angelo Zino said to expect 5% growth in the iPhone 15 cycle when thinking conservatively.

The firm has a positive view of Chewy’s focus on non-discretionary pet products and services, which make up over 80% of the company’s revenue. Argus also likes Chewy’s autoship delivery service, which comprises 75% of company revenue through its sales and “provides predictable income,” Ruggeri said. Regardless of the exact valuation, the ARM IPO will likely be this week’s most-watched market event. This type of momentum should lead to a successful trading debut as investors seek exposure to the booming chipmaker through a new company with a strong international presence. According to 2 analysts, the average rating for IPI stock is “Sell.” The 12-month stock price forecast is $27.0, which is an increase of 4.29% from the latest price.

Intrepid Potash (NYSE:IPI) Is Experiencing Growth In Returns On Capital – Simply Wall St

Intrepid Potash (NYSE:IPI) Is Experiencing Growth In Returns On Capital.

Posted: Fri, 08 Sep 2023 10:27:15 GMT [source]

Along with Apple, Amgen and Boeing fell about 2% each, weighing on the Dow. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Shares of Intrepid Potash Inc. plunged 9.9% in morning trade Monday, pulling back from a 21-month closing high in the previous session, after UBS downgraded the fertilizer maker on concerns over valuation and potash prici… The Russell 2000 index of smallcap stoocks slid 2.1% Tuesday after the Labor Day break, its worst one-day decline April 25 (when it dropped 2.4%) and its second decline in three sessions.


UBS upgraded shares of restaurant point-of-sales provider Toast to buy from neutral. Shares were little changed Wednesday, but the stock has lost more than 30% so far this year. Discretionary spending on things like apparel will be hit harder than others, said analyst Aneesha Sherman. The sector is already set up amid modest what is a business segment guidance and improving macro circumstances for low-income shoppers, Sherman said. The yield on the 2-year Treasury note was last up about 6 basis points and trading above the 5% level. Intrepid Potash (IPI) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

  • Japan’s vice minister of finance for international affairs Masato Kanda warned that the country will not “rule out any options if speculative moves persist” against the yen, Reuters reported.
  • They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
  • His areas of expertise involve electric vehicle (EV) stocks, green energy and NFTs.
  • And now investors will be able to get a piece of the company through its initial public offering this week.
  • Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. MarketWatch’s daily rundown of major gainers and decliners in the U.S. stock market. Department of Agriculture report points to the tightest supply and demand balance for corn in 14 years.

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