James H. Litinsky, who serves as Chairman and Chief Executive Officer of MP Materials Corp. (NASDAQ: MP), recently reduced part of his stake in the company through sales that totaled about $19.21 million. According to an SEC Form 4 filing, the transactions were carried out under a Rule 10b5-1 trading plan that Mr. Litinsky established on September 16, 2025.
The filings show the CEO sold 290,000 shares of common stock in two separate blocks. On April 17, 2026, Mr. Litinsky sold 40,821 shares at a weighted average price of $64.05 per share, with the individual executions ranging from $64.00 to $64.28. A larger tranche of 259,179 shares was executed on April 20, 2026, at a weighted average price of $64.03 per share; individual sale prices for that day ranged from $64.00 to $64.24. The combined proceeds of the two sell-offs amounted to $19,209,816.
All shares disposed of in these transactions were held indirectly through the James Henry Litinsky Revocable Trust, the filing indicates. Following the sales, Mr. Litinsky’s indirect ownership of MP Materials common stock stands at 12,505,965 shares. In addition to those indirect holdings, he directly owns 216,397 shares of the company’s common stock.
MP Materials’ shares have climbed 186% over the last year, and the stock currently trades at $66.23, a level noted in the filing as slightly above the prices at which Mr. Litinsky carried out the April sales. The company is described as trading above its InvestingPro Fair Value and is grouped among stocks characterized as overvalued by that metric.
Analyst coverage and commentary have accompanied these developments. Wedbush initiated coverage of MP Materials with an Outperform rating and placed a $90.00 price target on the stock. BofA Securities reiterated a Buy rating and kept a $94.00 price target following meetings with company executives. Jefferies called attention to ongoing challenges in rare-earth pricing and noted uneven progress in rebuilding critical mineral supply chains, while also pointing out that MP Materials is progressing with in-house separation capabilities.
DA Davidson reaffirmed a Buy rating and set a $82.00 price target, simultaneously updating its forward estimates based on recent analysis. William Blair reiterated an Outperform rating and emphasized MP Materials’ role in advancing U.S. rare-earth independence. These analyst actions reflect continued interest from the sell-side, with a range of price targets and perspectives on near-term industry dynamics.
For investors seeking deeper valuation and performance detail on MP Materials, a comprehensive Pro Research Report covering this company and more than 1,400 other U.S. equities is available, the filing notes.