Molycorp (MCP) Bounces After Two-Day Slide
Tweet
Share
E-mailGet Alerts MCP Hot Sheet
Join SI Premium – FREE
After a 16 percent slide over the past two sessions, on worries about rare earth prices, Molycorp, Inc. (NYSE: MCP) is bouncing today. Shares are up 4 percent in early action.
The downside action over the past couple days came after an influential analyst at JPMorgan said he sees further downside in prices of the minerals. The analyst cited new Chinese export quotas for next year and rising production.
Molycorp is down 51 percent this year. The stock IPO'd in July, 2010 at $14.
The downside action over the past couple days came after an influential analyst at JPMorgan said he sees further downside in prices of the minerals. The analyst cited new Chinese export quotas for next year and rising production.
Molycorp is down 51 percent this year. The stock IPO'd in July, 2010 at $14.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SpaceX Shares Indicated To Open At $155
- Iran says MOU with U.S. under internal review - IRIB
- Nuclear material will be destroyed and removed in Iran deal - Reuters
Create E-mail Alert Related Categories
Trader TalkRelated Entities
JPMorganSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
