Stock Traders Buy Large Volume of Call Options on USA Rare Earth (NASDAQ:USAR)

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 23,652 call options on the stock. This represents an increase of 145% compared to the typical volume of 9,650 call options.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in USA Rare Earth stock. Newtyn Management LLC purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth comprises about 0.7% of Newtyn Management LLC's portfolio, making the stock its 24th largest position. Newtyn Management LLC owned 0.85% of USA Rare Earth at the end of the most recent reporting period.

USA Rare Earth Stock Performance

USAR traded down $0.83 during trading on Friday, hitting $14.62. The company's stock had a trading volume of 5,496,794 shares, compared to its average volume of 1,605,426. The business has a 50 day simple moving average of $10.94. USA Rare Earth has a twelve month low of $5.56 and a twelve month high of $20.00.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Canaccord Genuity Group started coverage on USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 price objective for the company. Finally, Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a report on Saturday, June 14th.

About USA Rare Earth

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.