Shares of Freeport-McMoran (NYSE:FCX) Sees Large Outflow of Money

Freeport-McMoran (NYSE:FCX) traded higher in the last at $11.61, gaining 0.06 points or 0.52%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-7.85) million. The composite uptick value of $40.59 million was eclipsed by the accrued downtick value of $48.43 million, thereby ensuring the up/down ratio of 0.84. For the week, the shares have posted returns of 4.22%.A block trade registered during the day has revealed $8.7 million in upticks and $13.19 million in downticks. The up/down ratio in this case turned out to be 0.66. The net money flow for the block trade was $(-4.49) million.


The stock has recorded a 20-day Moving Average of 5.12% and the 50-Day Moving Average is 2.89%. The company shares have dropped 42.57% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $21.17 and one year low was seen on January 20, 2016 at $3.52. The 50-day moving average is $11.17 and the 200 day moving average is recorded at $8.67. S&P 500 has rallied 1.93% during the last 52-weeks.

Freeport-McMoran (NYSE:FCX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.48 and $11.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.61, notching a gain of 0.52% for the day. The total traded volume was 28,845,014 . The stock had closed at $11.55 on the previous day.

Currently the company Insiders own 3.13% of Freeport-McMoran shares according to the proxy statements. Institutional Investors own 68.46% of Freeport-McMoran shares. On the companys insider trading activities, Flores James C, (Vice Chairman of the Board) of Freeport-Mcmoran Inc, executed a transaction worth $21,340,000 on September 4, 2015. A total of 2,200,000 shares were purchased at an average price of $9.7. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Freeport-McMoRan Inc. (FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations. The Companys portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in North America. The Company is also engaged in operating copper conversion facilities located in North America, and a refinery, three rod mills and a specialty copper products facility. The Companys Atlantic Copper smelts and refines copper concentrates and markets refined copper and precious metals in slimes.

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