In a filing, Freeport-McMoRan Inc revealed its Senior VP & CAO Higgins Stephen T. unloaded Company’s shares for reported $2.15 million on May 03 ’24. In the deal valued at $50.35 per share,42,767 shares were sold. As a result of this transaction, Higgins Stephen T. now holds 104,377 shares worth roughly $5.27 million.
Then, Higgins Stephen T. sold 43,900 shares, generating $2,242,333 in total proceeds. Upon selling the shares at $51.08, the Senior VP & CAO now owns 104,377 shares.
Before that, Mikes Ellie L. sold 4,333 shares. Freeport-McMoRan Inc shares valued at $220,858 were divested by the Chief Accounting Officer at a price of $50.97 per share. As a result of the transaction, Mikes Ellie L. now holds 43,572 shares, worth roughly $2.2 million.
BofA Securities upgraded its Freeport-McMoRan Inc [FCX] rating to a Buy from a a Neutral in a research note published recently. Bernstein also remained covering FCX and has increased its forecast on January 08, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. JP Morgan started covering the stock on October 17, 2023. It rated FCX as “a Neutral”.
Price Performance Review of FCX
On Friday, Freeport-McMoRan Inc [NYSE:FCX] saw its stock jump 3.42% to $50.45. Over the last five days, the stock has lost -0.10%. Freeport-McMoRan Inc shares have risen nearly 18.90% since the year began. Nevertheless, the stocks have risen 39.86% over the past one year. While a 52-week high of $52.52 was reached on 04/29/24, a 52-week low of $32.72 was recorded on 02/13/24. SMA at 50 days reached $45.70, while 200 days put it at $40.44. A total of 14.49 million shares were traded, compared to the trading of 24.39 million shares in the previous session.
Levels Of Support And Resistance For FCX Stock
The 24-hour chart illustrates a support level at 49.54, which if violated will result in even more drops to 48.63. On the upside, there is a resistance level at 50.95. A further resistance level may holdings at 51.46. The Relative Strength Index (RSI) on the 14-day chart is 57.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.19%. Stochastics %K at 48.22% indicates the stock is a holding.
The most recent change occurred on June 29, 2023 when Bernstein began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $41 price target.
