In a filing, Freeport-McMoRan Inc revealed 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 $2.72 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 $4.16 million.
Deutsche Bank upgraded its Freeport-McMoRan Inc [FCX] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Argus also remained covering FCX and has decreased its forecast on January 31, 2025 with a “Hold” recommendation from previously “Buy” rating. Jefferies revised its rating on January 24, 2025. It rated FCX as “a Hold” which previously was an “a Buy”.
Price Performance Review of FCX
On Tuesday, Freeport-McMoRan Inc [NYSE:FCX] saw its stock jump 0.84% to $39.84. Over the last five days, the stock has gained 11.04%. Freeport-McMoRan Inc shares have risen nearly 4.82% since the year began. Nevertheless, the stocks have fallen -7.44% over the past one year. While a 52-week high of $54.96 was reached on 01/21/25, a 52-week low of $33.98 was recorded on 03/10/25. SMA at 50 days reached $37.88, while 200 days put it at $43.61.
Levels Of Support And Resistance For FCX Stock
The 24-hour chart illustrates a support level at 39.31, which if violated will result in even more drops to 38.77. On the upside, there is a resistance level at 40.34. A further resistance level may holdings at 40.84. The Relative Strength Index (RSI) on the 14-day chart is 58.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.42%. Stochastics %K at 93.80% indicates the stock is a selling.
How much short interest is there in Freeport-McMoRan Inc?
A steep rise in short interest was recorded in Freeport-McMoRan Inc stocks on 2025-02-28, growing by 5.19 million shares to a total of 26.02 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 20.83 million shares. There was a rise of 19.94%, which implies that there is a positive sentiment for the stock.
