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Elliot Dean Hoops, the General Counsel and Secretary of MP Materials Corp. (NYSE:MP), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Hoops sold a total of 6,338 shares of common stock over two days, June 12 and June 13, 2025. The shares were sold at prices ranging from $29.95 to $29.96, resulting in a total sale value of approximately $189,878. The timing is notable as MP’s stock trades near its 52-week high of $30.78, having delivered an impressive 95.83% return year-to-date. InvestingPro analysis suggests the stock is currently trading above its Fair Value.
These transactions were conducted under a Rule 10b5-1 trading plan, which Hoops adopted on February 26, 2025. After these sales, Hoops holds 12,675 shares indirectly through the Hoops Family Trust and retains additional direct and indirect holdings totaling 75,272 and 1,000 shares, respectively. The sales were part of multiple transactions, with the price for the shares sold on June 13 being a weighted average. Hoops has committed to providing detailed pricing information upon request. For comprehensive insider trading analysis and 15 additional key insights about MP Materials, visit InvestingPro, where you’ll find detailed Pro Research Reports covering what really matters for smarter investment decisions.
In other recent news, MP Materials Corp. has been highlighted due to several significant developments. The Trump administration is reportedly planning to use Cold War-era powers to prioritize and fund rare earth projects critical to national security, which could benefit MP Materials as the sole domestic producer of rare earths in the United States. This initiative aims to bolster the domestic supply chain for these strategic materials. Meanwhile, MP Materials recently held its Annual Meeting of Stockholders, where three Class II directors were elected, executive compensation was approved, and KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025.
Morgan Stanley (NYSE:MS) upgraded MP Materials’ stock rating from Equalweight to Overweight, citing the company’s strategic positioning in the rare earths sector amid global supply chain concerns. The firm raised the price target to $34, reflecting confidence in the company’s vertical integration and competitive advantage. DA Davidson also maintained a Buy rating with a $32 target, noting MP Materials’ record production of neodymium-praseodymium oxide in the first quarter of 2025 and the commencement of commercial-grade shipments. Additionally, MP Materials has halted shipments of Stage I concentrate to China, marking a strategic shift to strengthen its supply chain and production capabilities. These recent developments underscore the company’s strategic importance and potential growth in the rare earths market.
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