MP Materials Corporation’s recently made public that 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 $352.44 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 $396.72 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 Monday, MP Materials Corporation [NYSE:MP] saw its stock fall -6.16% to $22.53. Over the last five days, the stock has lost -7.17%. MP Materials Corporation shares have risen nearly 44.42% since the year began. Nevertheless, the stocks have risen 47.93% 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 $20.98, while 200 days put it at $17.16.
Levels Of Support And Resistance For MP Stock
The 24-hour chart illustrates a support level at 21.64, which if violated will result in even more drops to 20.76. On the upside, there is a resistance level at 24.02. A further resistance level may holdings at 25.52. The Relative Strength Index (RSI) on the 14-day chart is 47.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.97%. Stochastics %K at 25.33% indicates the stock is a holding.
