MP Materials CEO James Litinsky sells $11.2 million in stock

Published 28/03/2025, 02:44
MP Materials CEO James Litinsky sells $11.2 million in stock

James H. Litinsky, Chairman and CEO of MP Materials Corp. (NYSE:MP), has recently sold a significant portion of his holdings in the company, according to a recent SEC filing. Litinsky sold a total of 414,812 shares over two days, with transactions occurring on March 25 and March 26. The sales amounted to approximately $11.2 million, with share prices ranging between $27.00 and $27.03. The timing is notable as the stock trades near its 52-week high of $27.29, having delivered an impressive 67.76% return year-to-date, according to InvestingPro data.

Following these transactions, Litinsky retains ownership of 13,842,256 shares indirectly through the James Henry Litinsky Revocable Trust. The sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks, typically to avoid any allegations of insider trading. Track insider movements and access comprehensive analysis with InvestingPro, which offers detailed insights on MP Materials and 1,400+ other US stocks.

MP Materials Corp., based in Las Vegas, is a leader in the production of rare earth materials, which are critical components in many high-tech and clean energy applications. With a market capitalization of $4.29 billion and a strong liquidity position reflected in its 6.29 current ratio, the company maintains a solid financial foundation despite recent revenue challenges, showing a 19.57% decline in the last twelve months.

In other recent news, MP Materials reported its fourth-quarter 2024 earnings, showing a mixed financial performance. The company posted an earnings per share (EPS) of -$0.12, slightly below the forecast of -$0.11, but delivered strong revenue of $60.99 million, surpassing the expected $51.22 million. Analysts at Canaccord Genuity reiterated a Buy rating with a $26 target, citing the company’s strategic position and progress in rare earth magnetics production. BMO Capital Markets raised its price target to $29, maintaining a Market Perform rating, reflecting the strategic importance of MP Materials’ operations amid geopolitical discussions about rare earth elements. DA Davidson also maintained a Buy rating with a $32 target, expressing confidence in the company’s growth trajectory and alignment with favorable government policies. These developments come as the company continues to focus on enhancing operational efficiencies and capitalizing on the increasing importance of rare earth elements in high-tech applications. Meanwhile, MP Materials is seen as strategically valuable, especially with U.S. initiatives to enhance domestic supply chains for critical materials.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.