Molycorp Shares Rebound; Analyst Suggests Sharp Move Lower at Open Was Overreaction
February 28, 2013 at 11:18 AM EST
Molycorp (NYSE: MCP ) shares continue to bounce sharply after gapping down more than 9 percent amid news of a delayed Q4 earnings release. The stock last traded at $6.15, down just 1.4 percent. Traders in the stock may be giving some heed to a call from Byron Capital's Jonathon