MP Materials Corporation’s recently made public that its Chairman and CEO Litinsky James H. unloaded Company’s shares for reported $36.93 million on Dec 03 ’24. In the deal valued at $23.39 per share,1,579,110 shares were sold. As a result of this transaction, Litinsky James H. now holds 16,029,299 shares worth roughly $316.1 million.
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Then, Litinsky James H. sold 234,667 shares, generating $4,852,914 in total proceeds. Upon selling the shares at $20.68, the Chairman and CEO now owns 17,608,409 shares.
Before that, JAMES HENRY LITINSKY REVOCABLE bought 1,200,000 shares. MP Materials Corporation shares valued at $24,972,000 were divested by the Director at a price of $20.81 per share.
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 fall -1.45% to $19.72. Over the last five days, the stock has lost -6.41%. MP Materials Corporation shares have fallen nearly -0.65% since the year began. Nevertheless, the stocks have risen 21.43% over the past one year. While a 52-week high of $24.01 was reached on 12/03/24, a 52-week low of $10.02 was recorded on 08/05/24. SMA at 50 days reached $18.81, while 200 days put it at $15.63.
Levels Of Support And Resistance For MP Stock
The 24-hour chart illustrates a support level at 19.35, which if violated will result in even more drops to 18.98. On the upside, there is a resistance level at 20.28. A further resistance level may holdings at 20.84. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.45%. Stochastics %K at 41.46% 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 2024-11-15, dropping by -5.99 million shares to a total of 20.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 26.69 million shares. There was a decline of -28.92%, which implies that there is a negative sentiment for the stock.
