The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Freeport-McMoRan Inc shares valued at $583,878 were sold by Robertson Maree E. on Nov 11 ’24. At $44.91 per share, Robertson Maree E. sold 13,000 shares. The insider’s holdings dropped to 68,198 shares worth approximately $2.57 million following the completion of this transaction.
Also, Robertson Maree E. purchased 13,000 shares, netting a total of over 583,878 in proceeds.
Before that, Higgins Stephen T. had sold 80,000 shares from its account. In a trade valued at $4,162,512, the Senior VP & CAO traded Freeport-McMoRan Inc shares for $52.03 each. Upon closing the transaction, the insider’s holdings decreased to 80,000 shares, worth approximately $3.93 million.
As published in a research note from Wolfe Research on April 16, 2025, Freeport-McMoRan Inc [FCX] has been rated up from a Peer perform to an Outperform and the price target has been revised to $39. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid March. As of March 06, 2025, Deutsche Bank has increased its “Hold” rating to a “Buy” for FCX. Earlier on February 27, 2025, Jefferies upgraded its rating. Their new recommendation was “a Buy” for FCX stock which previously was a “a Hold”.
Analyzing FCX Stock Performance
During the last five days, there has been a surge of approximately 12.94%. Over the course of the year, Freeport-McMoRan Inc shares have dropped approximately -0.77%. Shares of the company reached a 52-week high of $43.45 on 03/26/25 and a 52-week low of $27.66 on 04/07/25. A 50-day SMA is recorded $36.75, while a 200-day SMA reached $41.81.
Support And Resistance Levels for Freeport-McMoRan Inc (FCX)
According to the 24-hour chart, there is a support level at 36.00, which, if violated, would cause prices to drop to 34.36. In the upper region, resistance lies at 38.54. The next price resistance is at 39.44. RSI (Relative Strength Index) is 57.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.75, which suggests the price will increase in the coming days. Percent R is at 1.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
