Analyzing MP Materials Corp. (MP) After Recent Trading Activity


In a filing, MP Materials Corp. revealed its Chief Operating Officer Rosenthal Michael Stuart acquired Company’s shares for reported $0.1 million on May 31. In the deal valued at $20.69 per share,5,000 shares were bought. As a result of this transaction, Rosenthal Michael Stuart now holds 126,622 shares worth roughly $ 2.48 million.

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Then, Rosenthal Michael Stuart bought 6,000 shares, generating $126,840 in total proceeds. Upon buying the shares at $21.14, the Chief Operating Officer now owns 121,622 shares.

Before that, Rosenthal Michael Stuart bought 7,000 shares. MP Materials Corp. shares valued at $151,410 were divested by the Chief Operating Officer at a price of $21.63 per share. As a result of the transaction, Rosenthal Michael Stuart now holds 115,622 shares, worth roughly $2.27 million.

Northland Capital downgraded its MP Materials Corp. [MP] rating to a Market perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 38.69 to its Friday closing price.

Price Performance Review of MP

On Friday, MP Materials Corp. [NYSE:MP] saw its stock fall -0.30% to $19.62. On the same session, the stock had its day’s lowest price of $19.18, but rose to a high of $19.885. Over the last five days, the stock has lost -4.62%. MP Materials Corp. shares have fallen nearly -19.19% since the year began. Nevertheless, the stocks have fallen -47.20% over the past one year. While a 52-week high of $38.34 was reached on 03/01/23, a 52-week low of $19.59 was recorded on 08/25/23. SMA at 50 days reached $22.94, while 200 days put it at $26.66. A total of 2.05 million shares were traded, compared to the trading of 2.32 million shares in the previous session.

Levels Of Support And Resistance For MP Stock

The 24-hour chart illustrates a support level at 19.24, which if violated will result in even more drops to 18.86. On the upside, there is a resistance level at 19.94. A further resistance level may holdings at 20.27. The Relative Strength Index (RSI) on the 14-day chart is 25.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.55%. Stochastics %K at 6.80% indicates the stock is a buying.

How much short interest is there in MP Materials Corp.?

A steep rise in short interest was recorded in MP Materials Corp. stocks on Aug 14, 2023, dropping by -1.81 million shares to a total of 12.44 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 14.25 million shares. There was a decline of -14.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.98% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.94.

MP Materials Corp. [MP] – Who Are The Largest Shareholders?

In filings from JHL Capital Group LLC, it is revealed that the company now owns 28,573,349 shares, or roughly 16.09% of the outstanding MP shares. Additionally, The Vanguard Group, Inc. increased 7.78% of its stake after which the total value it holdings stand at $251,508,482, while QVT Financial LP reduced -40.07% of its stake to hold $192.98 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -50,643 shares of MP Materials Corp., while SSgA Funds Management, Inc. sold 200,041 shares. At present, AIG Asset Management is holding 2,952,429 shares valued at $70.42 million. Renaissance Technologies LLC owned 2,359,149 shares of the company at the time of its most recent 13F filing, worth $56.27 million.

According to FactSet, MP Materials Corp.’s share price will average $34.45 in the next year, based on opinions of analysts polled by the firm. This is up nearly 62.6 percent from its previous closing price of $19.68. Analysts expect MP Materials Corp. stock to reach the higher price of $56.00, while the lowest price estimate is $24.00. However, 12 analysts have rated MP stock as a Buy in their predictions for 2023.


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