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James H. Litinsky, Chairman and CEO of MP Materials Corp. (NYSE:MP), sold 95,621 shares of the company’s common stock on March 20, 2025. The shares were sold at a weighted average price of $27.04, amounting to a total transaction value of approximately $2.6 million. This transaction was conducted under a Rule 10b5-1 trading plan, which Litinsky adopted on December 16, 2024. The sale comes as MP’s stock trades near its 52-week high of $27.29, having delivered an impressive 86% return over the past six months. InvestingPro data shows management has been actively buying back shares, suggesting continued confidence in the company’s prospects.
Following this sale, Litinsky holds 14,257,068 shares indirectly through the James Henry Litinsky Revocable Trust. Additionally, he directly owns 412,344 shares of MP Materials. The sales were executed in multiple transactions at prices ranging from $27.00 to $27.24.
MP Materials, based in Las Vegas, is a leading producer of rare earth materials essential for various high-tech and clean energy applications.
In other recent news, MP Materials reported its fourth-quarter 2024 earnings, highlighting a mixed financial performance. The company posted an earnings per share (EPS) of -$0.12, slightly missing the forecast of -$0.11, but achieved a strong revenue performance with $60.99 million, surpassing the expected $51.22 million. DA Davidson maintained its Buy rating on MP Materials stock, keeping the price target at $32.00, expressing confidence in the company’s growth trajectory and alignment with favorable government policies. Meanwhile, BMO Capital Markets raised its price target for MP Materials to $29.00 from $22.00, citing the strategic importance of the company’s operations in the rare earth sector.
The company’s recent earnings call revealed plans to invest $150-$175 million in capital expenditures in 2025, focusing on scaling magnet production and targeting profitability in NDPR production. Analysts noted the company’s progress in its multi-stage development plan, with expectations for initial EBITDA positivity in its Stage II and Stage III operations. Furthermore, MP Materials’ asset base was described as "world class," indicating a competitive advantage in the industry. These developments come amid broader geopolitical moves, such as Ukraine’s anticipated agreement with the United States to develop critical minerals, which could impact the rare earth market dynamics.
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