Intrepid Potash, Inc. (IPI - Free Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven after the company was added to the Russell index. This also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.14 to $2.37 in the past one-month time frame.
The company has seen one negative estimate revision in the last 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Currently, Intrepid Potash carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Potash Corporation of Saskatchewan Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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