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

Freeport-McMoran (FCX) : The total money flow in Freeport-McMoran (FCX) was negative ($19.28 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $56.36 million. In comparison, the inflow of money into the stock on upticks was $37.07 million. The uptick to downtick ratio was 0.66. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $24.01 million. The value of transactions on uptick was $7.64 million. The negative money flow of ($16.37 million) confirms the selling in Freeport-McMoran (FCX) on strength. The uptick to downtick ratio of block trades was 0.32. Freeport-McMoran (FCX) gained $0.35 at $12.17, a gain of 2.96% over the previous days close. However, the stock registered -0.49% in the week.


Freeport-McMoRan Inc. has lost 0.98% in the last five trading days and dropped 7.17% in the last 4 weeks. Freeport-McMoRan Inc. is up 10.24% in the last 3-month period. Year-to-Date the stock performance stands at 79.76%.

Freeport-McMoran (NYSE:FCX): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.95 and $11.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.17, notching a gain of 2.96% for the day. The total traded volume was 20,601,798 . The stock had closed at $11.82 on the previous day.

In a related news, Flores James C, (Vice Chairman of the Board) of Freeport-Mcmoran Inc, had purchased 2,200,000 shares on September 4, 2015. The total value of the transaction was $21,340,000. The information was disclosed with the SEC 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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