Why MP Materials Stock Plummeted by 8% on Friday
MP Materials (NYSE: MP), the company that owns the sole rare earth mine in this country, didn't have a prosperous Friday on the stock market. Its shares were hit with an 8% decline following the company's publication of its latest quarterly earnings release. That fall was particularly conspicuous, given that the benchmark S&P 500 (SNPINDEX: ^GSPC) more or less traded sideways that day.MP Materials' first-quarter figures were disseminated after market hours Thursday, and on Friday it felt as if the stock was suffering a hangover.Image source: Getty Images.Continue reading
MP Materials (NYSE: MP), the company that owns the sole rare earth mine in this country, didn't have a prosperous Friday on the stock market. Its shares were hit with an 8% decline following the company's publication of its latest quarterly earnings release. That fall was particularly conspicuous, given that the benchmark S&P 500 (SNPINDEX: ^GSPC) more or less traded sideways that day.
MP Materials' first-quarter figures were disseminated after market hours Thursday, and on Friday it felt as if the stock was suffering a hangover.
Image source: Getty Images.
