Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MP Materials Corporation shares valued at $2,585,592 were sold by Litinsky James H. on Mar 20 ’25. At $27.04 per share, Litinsky James H. sold 95,621 shares. The insider’s holdings dropped to 14,257,068 shares worth approximately $371.54 million following the completion of this transaction.
Also, Litinsky James H. sold 639,294 shares, netting a total of over 17,075,543 in proceeds. Following the sale of shares at $26.71 each, the insider now holds 14,513,864 shares.
Before that, Litinsky James H. had sold 489,918 shares from its account. In a trade valued at $13,115,105, the Chairman and CEO traded MP Materials Corporation shares for $26.77 each. Upon closing the transaction, the insider’s holdings decreased to 489,918 shares, worth approximately $394.89 million.
As published in a research note from Robert W. Baird on September 27, 2024, MP Materials Corporation [MP] has been retained to an Outperform and the price target has been revised to $25. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in mid July. As of April 23, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for MP. Earlier on March 13, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for MP stock which previously was a “an Overweight”.
Analyzing MP Stock Performance
During the last five days, there has been a drop of approximately -2.80%. Over the course of the year, MP Materials Corporation shares have jumped approximately 67.05%. Shares of the company reached a 52-week high of $27.29 on 03/19/25 and a 52-week low of $15.77 on 01/02/25. A 50-day SMA is recorded $23.67, while a 200-day SMA reached $17.89.
Support And Resistance Levels for MP Materials Corporation (MP)
According to the 24-hour chart, there is a support level at 25.50, which, if violated, would cause prices to drop to 24.93. In the upper region, resistance lies at 26.84. The next price resistance is at 27.61. RSI (Relative Strength Index) is 56.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.71, which suggests the price will decrease in the coming days. Percent R is at 29.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
