Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MP Materials Corporation shares valued at $10,711,800 were sold by Litinsky James H. on Mar 25 ’25. At $27.03 per share, Litinsky James H. sold 396,293 shares. The insider’s holdings dropped to 13,860,775 shares worth approximately $348.74 million following the completion of this transaction.
Also, Litinsky James H. sold 18,519 shares, netting a total of over 500,013 in proceeds. Following the sale of shares at $27.00 each, the insider now holds 13,842,256 shares.
Before that, Litinsky James H. had sold 95,621 shares from its account. In a trade valued at $2,585,592, the Chairman and CEO traded MP Materials Corporation shares for $27.04 each. Upon closing the transaction, the insider’s holdings decreased to 95,621 shares, worth approximately $358.71 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 -3.45%. Over the course of the year, MP Materials Corporation shares have jumped approximately 61.28%. 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 $24.15, while a 200-day SMA reached $18.16.
Support And Resistance Levels for MP Materials Corporation (MP)
According to the 24-hour chart, there is a support level at 24.70, which, if violated, would cause prices to drop to 24.24. In the upper region, resistance lies at 25.56. The next price resistance is at 25.95. RSI (Relative Strength Index) is 50.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 54.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
