Molycorp News

Bearish speculators have taken a shine to Molycorp Inc today, as approximately 11,000 puts have crossed the tape thus far.

Molycorp Inc has reclaimed its perch atop the $6 mark, with the shares up 2.7% at last check to trade at $6.08 .

NioCorp Developments Ltd. , formerly Quantum Rare Earth Developments Corp. , is developing its flagship niobium project in Elk Creek, Nebraska.

After enjoying an earnings-induced pop in early May, Molycorp Inc's momentum has stalled, and the stock has since been seen churning in the $6-to-$8 range.

With weekly May options expiring at tonight's close, traders in Molycorp Inc's options pits have turned their attention to the weekly 6/7 series.

Inc. priced a 37,500,000 share secondary stock offering at $6 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Tuesday, the stock is now 10.2% higher than the offering price.

For its size , Molycorp has to be one of the most talked about stocks in the market.