MP Materials ( (MP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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MP Materials shares have been moving modestly higher, helped by growing investor interest in the stock as a hedge against geopolitical tensions with China rather than by any fresh earnings news or company-specific catalysts. Chess grandmaster and streamer Hikaru Nakamura recently disclosed that he bought 100 shares of MP Materials at $66.71, a position now worth about $6,326, underscoring the recent upward drift in the stock. Nakamura said he views MP Materials as a way to protect his portfolio in case trade relations with China worsen, but he is keeping the position small because both the company and the broader rare-earths sector are known for sharp price swings. The article notes that there have been no reported changes to Wall Street analysts’ price targets, with the recent move in the stock driven mainly by geopolitical risk positioning and volatility expectations rather than new forecasts.
More about MP Materials
YTD Price Performance: 20.86%
Average Trading Volume: 11,573,308
Technical Sentiment Signal: Buy
Current Market Cap: $10.82B
For further insights into MP stock on TipRanks’ Stock Analysis page.
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