Why Shares of MP Materials Are Sinking This Week

Prior to the start of this week, MP Materials (NYSE: MP) stock had performed well in October, climbing more than 20%. This week, however, the market showed that there is a limit to the exuberance it has for rare earth stocks. In addition to President Trump signing a critical materials agreement with Australian Prime Minister Anthony Albanese earlier this week, investors are sensing that the valuation of MP Materials stock has become too rich, motivating them to move away from it.According to data provided by S&P Global Market Intelligence, shares of MP Materials are down 12.1% from the end of last Friday's trading session through 10:40 a.m. ET today.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool