Published on 26 Feb 2024 on Zacks via Yahoo Finance

MP Materials Corp. (MP) is Attracting Investor Attention: Here is What You Should Know

MP Materials Corp. (MP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this company have returned -5.2% over the past month versus the Zacks S&P 500 composite's +4.7% change. The Zacks Mining - Miscellaneous industry, to which MP Materials Corp. belongs, has lost 5.9% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.