USA Rare Earth Sees Unusually Large Options Volume (NASDAQ:USAR)

USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) saw unusually large options trading activity on Thursday. Traders bought 16,930 call options on the stock. This is an increase of 111% compared to the average daily volume of 8,029 call options.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC purchased a new stake in shares of USA Rare Earth Inc (NASDAQ:USAR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 24,450 shares of the company's stock, valued at approximately $145,000.

USA Rare Earth Stock Up 6.1%

USAR stock traded up $0.64 during trading on Friday, reaching $11.15. The stock had a trading volume of 833,865 shares, compared to its average volume of 913,258. USA Rare Earth has a one year low of $5.56 and a one year high of $20.00.

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

Wall Street Analyst Weigh In

Separately, Roth Capital started coverage on shares of USA Rare Earth in a research report on Thursday, May 29th. They set a "buy" rating and a $15.00 target price for the company.

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.