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MP Materials rises as insider buys shares worth ~$1.2M

Mar. 08, 2022 12:24 PM ETMP Materials Corp. (MP) StockBy: Preeti Singh, SA News Editor5 Comments

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  • MP Materials (MP +11.4%) shares are trading higher on disclosure that Board Director Randall Weisenburger purchased 30,000 shares of the company's common stock, worth ~$1.2M.
  • The shares were purchased at $38.40 in a transaction dated Mar. 07, 2022.

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Comments (5)

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R
Wow this is on fire I keep adding higher after getting in around here 36-38, added at 43. Add more or a trailing stop?
K
I like the stock when it was a SPAC and never pulled the trigger, I think the long term investment story is still developing and no one knows if we go to an economic war with China if they will be able to implement their phase 2 and phase 3 growth strategy. There's also a lot of rare earth companies in Canada and a big one in AU. This is still a very risky investment to me.
n
@King4Coins bought this as a spac, loaded up on this and lysdy, reemf, tmrc, every rare earth I can get. Been owning lysdy since it was below 2. Theyre a hedge against China, IMO.
Investor since ‘73 profile picture
Always nice to have insiders buying at retail and not just exercising options. Love the way this stock moves. It’s a great long term investment that also offers trading opportunities along the way because it frequently makes substantial runs in both directions. I added a few hundred shares at 38.25 the other day and sold them this morning at 44.75. My core position now has a zero cost basis due to a bunch of similar moves since I established my initial position last April. Check out a candlestick chart to get a clear picture of the opportunity here.
C
VERY long on MP... :-)

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