MP Materials (MP) Stock Falls for Second Day Following Short Report

October 27, 2021 10:36 AM EDT

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MP Materials (NYSE: MP) shares fell for the second straight session amid the new short report from Grizzly Research, which said they believe the rare earth company is controlled by China.

In response to the report, MP said it "gets the facts & analysis wrong and displays a fundamental misunderstanding of our business".

Shares are down 7% Wednesday after falling over 12% on Tuesday.

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