Why MP Materials Stock Popped on Wednesday
When MP Materials (NYSE: MP) stock reported earnings last month, shares of the rare earth metals miner popped 5% -- but another catalyst is moving MP stock even more today. MP Materials stock was up 8.7% through 9:50 a.m. ET.MP reported a $0.12-per-share loss for Q4 back in February, better than the $0.13 loss that Wall Street forecast. The miner did $61 million in sales, too, $10 million more than anticipated, which was also good news.The news investors like today, though, came straight from Capitol Hill, where President Donald Trump addressed a joint session of Congress Tuesday and promised to "take historic action to dramatically expand production of critical minerals and rare earths here in the USA." Continue reading
When MP Materials (NYSE: MP) stock reported earnings last month, shares of the rare earth metals miner popped 5% -- but another catalyst is moving MP stock even more today. MP Materials stock was up 8.7% through 9:50 a.m. ET.
MP reported a $0.12-per-share loss for Q4 back in February, better than the $0.13 loss that Wall Street forecast. The miner did $61 million in sales, too, $10 million more than anticipated, which was also good news.
The news investors like today, though, came straight from Capitol Hill, where President Donald Trump addressed a joint session of Congress Tuesday and promised to "take historic action to dramatically expand production of critical minerals and rare earths here in the USA."
