Freeport-McMoran (FCX) : Fridays money flow indicated an uptick to downtick ratio was at 1.08. The total value of inflow transactions on upticks was $19.02 million, whereas, the total value of outflow trades on downticks was $17.62 million. The total money flow was $1.4 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.26 million. The total value of the trades done on upticks was $5.62 million. Downticks saw transactions worth $2.36 million. The total uptick to downtick ratio stood at 2.38, mildly in favor of the bulls. Freeport-McMoran (FCX) was trading with a -1.71% change over previous days close. It fell $0.22 during the day and reached $12.65. The stock was -3.51% compared to the previous weeks close.
Freeport-McMoran (FCX) : The consensus price target for Freeport-McMoran (FCX) is $10.79 for the short term with a standard deviation of $2.63. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $15, however, the pessimist price target for the company is $6.
Freeport-McMoran (NYSE:FCX): On Fridays trading session , Opening price of the stock was $12.78 with an intraday high of $12.8774. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.53. However, the stock managed to close at $12.67, a loss of 1.55% for the day. On the previous day, the stock had closed at $12.87. The total traded volume of the day was 23,434,861 shares.
In a related news, 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.