Intrepid Potash, Inc. (IPI) was a big mover last session, as the company saw its shares rise roughly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $10.91 to $11.94 in the last one month.
The company has seen no estimate revisions over the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Intrepid Potash currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another top-ranked fertilizer stock is CVR Partners, LP (UAN), sporting the same Zacks Rank as Intrepid Potash.
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