MP Materials Corp. shares fall 6.39% intraday amid insider selling and broader market slide.

Mp Materials Corp. declined 6.39% in intraday trading. The stock's decline may be attributed to the news that an insider sold shares worth a significant amount, which could indicate a lack of confidence in the company's future prospects. Additionally, the broader market conditions, as indicated by the news of stocks sliding and bond yields spiking, may have contributed to the negative sentiment surrounding the stock.