Molycorp to Weigh on Rare Earths ETF After Earnings Miss
May 10, 2011 at 16:38 PM EDT
Molycorp (NYSE: MCP) shares fell 5% in after-hours trading Tuesday following the company’s quarterly earnings as profit and revenue both came in well short of expectations. The stock dropped about 7% in Tuesday’s regular trading. The bearish action in Molycorp hit the $500 million Market Vectors...