On November 29, 2024, Ryan Corbett, the Chief Financial Officer of a branch or subsidiary of MP Materials Corp (MP, Financial), sold 35,000 shares of the company. Following this transaction, the insider now owns 260,021 shares of the company. The details of this transaction can be found in the SEC Filing. MP Materials Corp is a company that focuses on the production and supply of rare earth materials. These materials are essential components in a wide range of advanced technologies, including electric vehicles, drones, defense systems, and wind turbines.
Over the past year, Ryan Corbett has sold a total of 100,195 shares and has not purchased any shares. The insider transaction history for MP Materials Corp indicates that there have been 1 insider buy and 7 insider sells over the same period. On the day of the recent sale, shares of MP Materials Corp were trading at $21.5 each, giving the stock a market cap of $3.44 billion. The stock's GF Value is estimated at $13.29, resulting in a price-to-GF-Value ratio of 1.62. This suggests that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.