Broadcom named strategic vendor for Walmart virtualization solutions
Robert P. Jornayvaz III, a ten percent owner of Intrepid Potash, Inc. (NYSE:IPI), recently sold 400 shares of the company’s common stock. The timing is notable as InvestingPro data shows the stock trading near its 52-week high of $35.17, with impressive gains of 67% over the past year and 34% in the last six months. The shares were sold on April 28, 2025, at a weighted average price of $34.03 per share, with the transaction totaling approximately $13,612. Following this transaction, Jornayvaz holds 56,987 shares directly. Additionally, he owns shares indirectly through Intrepid Production Corporation, where he is the sole shareholder. The shares were sold in multiple transactions, with prices ranging from $34.00 to $34.05. With a market capitalization of $419 million, Intrepid Potash maintains strong financial health, boasting a current ratio of 4.84 and minimal debt. For deeper insights into insider transactions and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Intrepid Potash Inc . reported its financial results for the fourth quarter of 2024, revealing a mixed performance. The company reported a loss of $0.11 per share, missing the analysts’ forecast of $0.10 per share. However, Intrepid Potash exceeded revenue expectations, generating $55.8 million compared to the anticipated $52.36 million. The company also noted significant year-over-year growth in potash and Trio production, with potash production increasing by 50%. Despite the earnings miss, Intrepid Potash improved its adjusted EBITDA to $8.6 million from $7.1 million in the previous year. The firm also reported an adjusted net loss of $1.4 million, an improvement from the previous year’s $5.2 million loss. Analysts from UBS highlighted the potential impact of Canadian potash tariffs on market dynamics, which could affect future pricing and demand. Intrepid Potash’s management remains optimistic about sustaining positive momentum into 2025, focusing on strategic capital investments and core fertilizer assets.
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