Large Outflow of Money Witnessed in Freeport-McMoran

Freeport-McMoran (FCX): The stock had negative money flow to the tune of ($23.54 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $123.93 million, whereas, the outflow of money on downticks was $147.47 million and the ratio between the two was 0.84. The block trade had a negative net money flow of ($21.53 million). The total block trade value undertaken on upticks was $24.16 million. On the other hand, downticks amounted to $45.69 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.53. Freeport-McMoran (FCX) closed with marginal gains of 125 cents to end the day at $12.9, an increase of 10.73% over the previous days close. The stock recorded 15.18% for the week.


The company Insiders own 1.4% of Freeport-McMoran shares according to the proxy statements. Institutional Investors own 68.39% of Freeport-McMoran shares. In an insider trading activity, 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.

Shares of Freeport-McMoRan Inc. rose by 22.86% in the last five trading days and 24.52% for the last 4 weeks. Freeport-McMoRan Inc. is up 23.68% in the last 3-month period. Year-to-Date the stock performance stands at 90.55%.

Freeport-McMoran (NYSE:FCX): stock turned positive on Tuesday. Though the stock opened at $12.05, the bulls momentum made the stock top out at $12.98 level for the day. The stock recorded a low of $12.02 and closed the trading day at $12.9, in the green by 10.73%. The total traded volume for the day was 59,009,703. The stock had closed at $11.65 in the previous days trading.

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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