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 $291.73 million.
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 jump 11.04% to $18.20. Over the last five days, the stock has gained 8.08%. MP Materials Corporation shares have risen nearly 16.67% since the year began. Nevertheless, the stocks have fallen -2.99% over the past one year. While a 52-week high of $24.01 was reached on 01/03/25, a 52-week low of $10.02 was recorded on 01/02/25. SMA at 50 days reached $18.75, while 200 days put it at $15.89.
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 15.83. On the upside, there is a resistance level at 18.88. A further resistance level may holdings at 19.55. The Relative Strength Index (RSI) on the 14-day chart is 52.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.25%. Stochastics %K at 29.86% 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 2024-12-13, growing by 1.19 million shares to a total of 21.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 20.71 million shares. There was a rise of 5.43%, which implies that there is a positive sentiment for the stock.
