Molycorp (MCP -2.2%) moves lower again after Morgan Stanley downgrades shares to Equal Weight...

|By:, SA News Editor

Molycorp (MCP -2.2%) moves lower again after Morgan Stanley downgrades shares to Equal Weight following Friday's disclosure of a formal order of SEC investigation. While it's possible the worst case scenario already is priced in, the firm says uncertainty surrounding the issue and the possibility that it will take some time to resolve leads to the downgrade.