Freeport-McMoRan Inc’s recently made public that its EVP & CFO Robertson Maree E. unloaded Company’s shares for reported $0.58 million on Nov 11 ’24. In the deal valued at $44.91 per share,13,000 shares were sold. As a result of this transaction, Robertson Maree E. now holds 68,198 shares worth roughly $2.51 million.
Then, Robertson Maree E. bought 13,000 shares, generating $583,878 in total proceeds.
Before that, Higgins Stephen T. sold 80,000 shares. Freeport-McMoRan Inc shares valued at $4,162,512 were divested by the Senior VP & CAO at a price of $52.03 per share. As a result of the transaction, Higgins Stephen T. now holds 104,377 shares, worth roughly $3.84 million.
Argus downgraded its Freeport-McMoRan Inc [FCX] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Bernstein also remained covering FCX and has decreased its forecast on January 07, 2025 with a “Mkt perform” recommendation from previously “an Outperform” rating. Scotiabank revised its rating on September 30, 2024. It rated FCX as “a Sector perform” which previously was an “a Sector outperform”.
Price Performance Review of FCX
On Tuesday, Freeport-McMoRan Inc [NYSE:FCX] saw its stock fall -0.94% to $36.76. Over the last five days, the stock has lost -6.46%. Freeport-McMoRan Inc shares have fallen nearly -3.28% since the year began. Nevertheless, the stocks have fallen -4.33% over the past one year. While a 52-week high of $54.96 was reached on 01/21/25, a 52-week low of $34.89 was recorded on 02/03/25. SMA at 50 days reached $38.60, while 200 days put it at $44.76.
Levels Of Support And Resistance For FCX Stock
The 24-hour chart illustrates a support level at 36.11, which if violated will result in even more drops to 35.46. On the upside, there is a resistance level at 37.32. A further resistance level may holdings at 37.88. The Relative Strength Index (RSI) on the 14-day chart is 41.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.64%. Stochastics %K at 25.11% indicates the stock is a holding.
