Shares of MP Materials Corp (NYSE: MP), the company known as Molycorp prior to its recent SPAC IPO, fell nearly 18% on Tuesday when it first announced a big stock and debt offering, then fell almost 9% more when the company revealed the details of how it will be pricing those offerings yesterday.
Today though, the rare-earth miner is bouncing back — and MP Materials stock is up 10.5% as of noon EDT.
Image source: Getty Images.
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