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Why USA Rare Earth Stock Keeps Going Down

TheMotleyFool

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Why USA Rare Earth Stock Keeps Going Down: https://g.foolcdn.com/editorial/images/853581/hand-holds-out-an-iridescent-rare-earth-rock.jpg

USA Rare Earth (NASDAQ: USAR) stock soared to close nearly 8% higher on Monday, after the U.S. Department of Commerce announced it will extend a $1.3 billion CHIPS Act loan, and pay $277 million to acquire an equity stake in the miner of rare-earth metals.

The stock's gone nowhere but down ever since.

Shares of USA Rare Earth tumbled 13% through 11:35 a.m. Thursday, wiping out the last of its gains from the Commerce announcement. The question is: Why?

Source Fool.com