MP - Why Shares of MP Materials Sank 11% in August
While markets basked in the summer sun last month -- the S&P 500 climbed 3% and the Dow Jones Industrial Average rose 1.8% -- shares of MP Materials (NYSE: MP) headed in the other direction. The rare-earth elements mining company saw its stock fall 11% in August, according to data from S&P Global Market Intelligence .
Although shares popped higher early in the month following the company's Q2 2021 earnings report , the enthusiasm wasn't sustained in the following weeks; an insider transaction proved to weigh too heavily on investors' minds.
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Why Shares of MP Materials Sank 11% in August