USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 23,652 call options on the company. This is an increase of 145% compared to the average daily volume of 9,650 call options.
USA Rare Earth Stock Up 31.1%
USA Rare Earth stock traded up $3.69 during mid-day trading on Tuesday, hitting $15.54. The company's stock had a trading volume of 15,800,725 shares, compared to its average volume of 2,347,692. The business has a 50 day moving average of $10.76. USA Rare Earth has a 12 month low of $5.56 and a 12 month high of $20.00.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,450 shares of the company's stock, valued at approximately $145,000.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on USAR. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th. Canaccord Genuity Group began coverage on shares of USA Rare Earth in a research note on Friday, June 13th. They issued a "buy" rating and a $17.00 price objective for the company. Finally, Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research note on Saturday, June 14th.
Read Our Latest Stock Analysis on USA Rare Earth
About USA Rare Earth
(
Get Free Report)
USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.
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