Large Outflow of Money Witnessed in Freeport-McMoran

Freeport-McMoran (FCX) : The total money flow in Freeport-McMoran (FCX) was negative ($3.14 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $6.34 million. Transactions on upticks were comparatively lower at $3.21 million. The uptick to downtick ratio was 0.51. The total block trades done on upticks were valued at $0.57 million. The total block trades on downticks were valued at $3.73 million. The uptick to the downtick ratio of block trades was 0.15. The money flow during block trades was negative ($3.17 million) when the stock traded with a gain of $41 cent. Freeport-McMoran (FCX) was $10.76, an increase of 3.91% over the previous days close.


The company Insiders own 1.4% of Freeport-McMoran shares according to the proxy statements. Institutional Investors own 67.84% of Freeport-McMoran shares.

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 in a transaction. The price per share was $9.7 and the total amount of the disclosed transaction was $21,340,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Freeport-McMoran (NYSE:FCX): The stock opened at $10.63 and touched an intraday high of $10.83 on Friday. During the day, the stock corrected to an intraday low of $10.39, however, the bulls stepped in and pushed the price higher to close in the green at $10.48 with a gain of 1.26% for the day. The total traded volume for the day was 23,683,507. The stock had closed at $10.35 in the previous trading session.

Freeport-McMoran (FCX) : During the past 4 weeks, traders have been relatively bearish on Freeport-McMoran (FCX), hence the stock is down -14.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.25% relative to the S&P 500. The 4-week change in the price of the stock is -14.31% and the stock has fallen -3.76% in the past 1 week.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.