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Robert P. Jornayvaz III, a significant shareholder of Intrepid Potash, Inc. (NYSE:IPI), has recently sold a substantial portion of his holdings in the company. According to a regulatory filing, Jornayvaz disposed of 15,336 shares of Intrepid Potash over two days, February 25 and February 26, 2025, for a total transaction value of approximately $393,585. The shares were sold at prices ranging from $25.52 to $25.67 per share. The stock, which InvestingPro data shows has gained over 17% year-to-date, is currently trading slightly above the insider’s sale price at $26.90.
The transactions were executed through Intrepid Production Corporation, where Jornayvaz is the sole shareholder. Following these sales, Jornayvaz’s indirect ownership stands at 1,212,223 shares. This move comes as part of routine portfolio adjustments and was carried out in multiple transactions, as disclosed in the filing. According to InvestingPro analysis, Intrepid Potash maintains strong liquidity with a current ratio of 4.41, and its overall financial health score is rated as "GOOD." Subscribers to InvestingPro can access 7 additional key insights about IPI, including detailed valuation metrics and growth prospects.
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