Thursday’s 10 Worst-Performing Stocks

6. USA Rare Earth Inc. (NASDAQ:USAR)

USA Rare Earth dropped for a second straight day on Thursday, losing 22.66 percent to finish at $12 each as investors booked profits following a surge in its stock price over the past trading days of the week.

The company is a magnet technology company that aims to become a leading domestic supplier of rare earth magnets and elements. It currently operates facilities in Oklahoma, Colorado, and Texas, and mining rights to the Round Top deposit in West Texas.

Just recently, USAR concluded the acquisition of Inflection Point Acquisition Corp. II, a special purpose acquisition company.

“The recent news on tariffs and rising global geopolitical tensions are a wake-up call for America—we must build a domestic rare earth mineral and magnet supply chain here at home to support a wide range of critical technologies, including our national defense,” said USAR CEO Joshua Ballard.

“I’m incredibly proud of this team as the closing of this transaction and our listing on Nasdaq is another key milestone in our evolution in building this supply chain,” he added.