Broker data for IPX - past month.
Top buyers:- Canaccord Genuity: $1.84M
- Macquarie Securities: $1.81M
- Petra Capital: $1.43M
Top sellers:- J.P. Morgan: -$3.92M
- Merrill Lynch: -$2.38M
- Morgan Stanley Securities: -$1.36M
Accumulation/distribution chart for investment banks (their clients).
Interesting, that during most of the past year clients of investment banks (funds and other big financial institutions) were accumulating and after Trump's tariff announcement they quickly reduced their holdings. This must be due to rebalancing and going more to defensive sectors of the economy.
Accumulation/distribution chart for retail brokers (their clients).
Accumulation/distribution chart for Canaccord Genuity and Ord Minnett.
I'd expect investment bank clients to start buying back after today's news and push the price higher.
(20min delay)