MP Materials Corporation’s filing revealed that its Chief Operating Officer Rosenthal Michael Stuart acquired Company’s shares for reported $0.33 million on Aug 06 ’24. In the deal valued at $10.84 per share,30,000 shares were bought. As a result of this transaction, Rosenthal Michael Stuart now holds 1,402,975 shares worth roughly $24.38 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Corbett Ryan sold 50,000 shares, generating $846,500 in total proceeds. Upon selling the shares at $16.93, the Chief Financial Officer now owns 325,021 shares.
Before that, McKnight Andrew A. sold 317,750 shares. MP Materials Corporation shares valued at $5,741,742 were divested by the Director at a price of $18.07 per share. As a result of the transaction, McKnight Andrew A. now holds 86,000 shares, worth roughly $1.49 million.
Robert W. Baird reiterated its MP Materials Corporation [MP] rating to an Outperform in a research note published on September 27, 2024; the price target was $25. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid July with a ‘”a Market perform”‘ rating. JP Morgan also remained covering MP and has decreased its forecast on April 23, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on March 13, 2024. It rated MP as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of MP
On Friday, MP Materials Corporation [NYSE:MP] saw its stock jump 2.48% to $17.38. Over the last five days, the stock has lost -5.49%. MP Materials Corporation shares have fallen nearly -12.44% since the year began. Nevertheless, the stocks have risen 0.12% over the past one year. While a 52-week high of $20.85 was reached on 01/02/24, a 52-week low of $10.02 was recorded on 08/05/24. SMA at 50 days reached $13.60, while 200 days put it at $15.25.
Levels Of Support And Resistance For MP Stock
The 24-hour chart illustrates a support level at 17.02, which if violated will result in even more drops to 16.67. On the upside, there is a resistance level at 17.79. A further resistance level may holdings at 18.20. The Relative Strength Index (RSI) on the 14-day chart is 68.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.03%. Stochastics %K at 72.42% indicates the stock is a holding.
How much short interest is there in MP Materials Corporation?
A steep rise in short interest was recorded in MP Materials Corporation stocks on 2024-09-13, dropping by -1.23 million shares to a total of 26.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 27.46 million shares. There was a decline of -4.68%, which implies that there is a negative sentiment for the stock.
