Tuesday, September 27, 2011

So Molycorp's President Bought a Bit of Stock (MCP)

Except for the buying reported August 4, 2010, which were part of the July 28, 2010 IPO ($14) this is the insider buy since the company came public.

From SECForm4:

Smith Mark A.
(President and CEO
4,200 $59.02 $247,884

Here's the running total for all insiders:

Total buys: $56,552,972
Total sales: $3,089,745,472
Net:           $3,033,192,500

Here's the 12-month chart, $30 looks like decent support:

The stock traded as low as $31.41 yesterday before closing at $34.56.
In late premarket action the stock is up $2.39 at $36.95

Sept. 20 
UPDATED: More on JPM's Downgrade of Molycorp (MCP)
UPDATED: "Molycorp Slammed As a Major Bull Turns Bearish" (MCP)
After Thrashing by JPM, Morgan Stanley Says Nice Things About Molycorp (MCP)

Sept. 22 
Another One Of Molycorp's Underwriters Weighs In: "Dahlman Says Buy the Dip in Molycorp; Reiterates Buy, $120 Price Target" (MCP)

Finally, here's a bit of intelligence that was good for a triple in the calls:

Aug. 9, 2011
Rare Earths: Molycorp Registers Some Stock (and why did Morgan Stanley pick up 8,439,008 shares?) MCP