Intrepid Potash, Inc. IPI was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 27.3% in the past one-month time frame.
The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Intrepid Potash. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Intrepid Potash currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Another stock worth considering in the Fertilizers industry is The Mosaic Company MOS which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Is IPI going up? Or down? Predict to see what others think: Up or Down
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