Large Outflow of Money Witnessed in Freeport-McMoran

Freeport-McMoran (NYSE:FCX) managed to stay afloat and traded higher with an addition of 0.39 point or 3.57% at $11.17. The money flow data is a negative $(-9.94) million with $48.86 million in upticks and $58.8 million in downticks. The intraday up/down ratio came in at 0.83. The shares have seen 7.77% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $11.34 million and the combined worth of the downticks was $20.64, Million, leading to the up/down ratio of 0.55. The block trade saw a net money flow of $(-9.29) million.

Shares of Freeport-McMoRan Inc. rose by 7.53% in the last five trading days and 5.69% for the last 4 weeks. Freeport-McMoRan Inc. is up 3.53% in the last 3-month period. Year-to-Date the stock performance stands at 64.55%.

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 (NYSE:FCX) rose 3.34% or 0.36 points on Friday and made its way into the gainers of the day. After trading began at $11.03 the stock was seen hitting $11.4 as a peak level and $10.98 as the lowest level. The stock ended up at $11.14. The daily volume was measured at 40,800,100 shares. The 52-week high of the share price is $21.17 and the 52-week low is $3.52. The company has a market cap of $13,949 million.

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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