Molycorp (MCP) Moves Higher on Volume; Traders Eye $13 - $13.50 Level
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Molycorp (MCP) Drags Sector Lower on Surprise Q2 Loss; Keeping Eye on Japanese Supply Chains
August 3, 2012 8:07 AM EDTMolycorp (NYSE: MCP) peers are on watch today following dismal second-quarter 2012 results from the rare earth giant, issued after the market closed Thursday.
Sales for Molycorp rose just 5 percent to $104.6 million, from $99.62 million in the same period last year.
Molycorp was also hit by the "quadfecta" of bad news: lower prices, lower volume, higher costs in both production and... More
