In a filing, MP Materials Corporation revealed its Chairman and CEO Litinsky James H. unloaded Company’s shares for reported $9.27 million on Feb 04 ’25. In the deal valued at $24.01 per share,386,223 shares were sold. As a result of this transaction, Litinsky James H. now holds 15,643,076 shares worth roughly $ 371.05 million.
Then, Litinsky James H. sold 1,579,110 shares, generating $36,934,246 in total proceeds. Upon selling the shares at $23.39, the Chairman and CEO now owns 16,029,299 shares.
Before that, Litinsky James H. sold 234,667 shares. MP Materials Corporation shares valued at $4,852,914 were divested by the Chairman and CEO at a price of $20.68 per share. As a result of the transaction, Litinsky James H. now holds 17,608,409 shares, worth roughly $417.67 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 fall -2.71% to $23.72. Over the last five days, the stock has lost -0.92%. MP Materials Corporation shares have risen nearly 52.05% since the year began. Nevertheless, the stocks have risen 53.53% over the past one year. While a 52-week high of $26.00 was reached on 02/10/25, a 52-week low of $10.02 was recorded on 01/02/25. SMA at 50 days reached $20.30, while 200 days put it at $16.78.
Levels Of Support And Resistance For MP Stock
The 24-hour chart illustrates a support level at 23.26, which if violated will result in even more drops to 22.80. On the upside, there is a resistance level at 24.44. A further resistance level may holdings at 25.15. The Relative Strength Index (RSI) on the 14-day chart is 58.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.68%. Stochastics %K at 64.96% 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 2025-01-31, dropping by -2.91 million shares to a total of 18.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 21.4 million shares. There was a decline of -15.72%, which implies that there is a negative sentiment for the stock.
