In a filing, MP Materials Corporation revealed 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 $25.58 million.
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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 $1.57 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 1.33% to $18.23. Over the last five days, the stock has lost -2.20%. MP Materials Corporation shares have fallen nearly -8.16% since the year began. Nevertheless, the stocks have risen 15.60% 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 $16.03, while 200 days put it at $15.21.
Levels Of Support And Resistance For MP Stock
The 24-hour chart illustrates a support level at 18.02, which if violated will result in even more drops to 17.82. On the upside, there is a resistance level at 18.43. A further resistance level may holdings at 18.63. The Relative Strength Index (RSI) on the 14-day chart is 56.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.11%. Stochastics %K at 46.26% 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 2024-10-15, growing by 0.46 million shares to a total of 26.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 26.23 million shares. There was a rise of 1.72%, which implies that there is a positive sentiment for the stock.
