Shares of Freeport-McMoran (FCX) Sees Large Inflow of Net Money Flow

Freeport-McMoran (FCX) : On Monday, The money flowed into the Freeport-McMoran (FCX) stock with an uptick to downtick ratio was recorded at 1.08. Transactions worth $37.25 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $34.4 million. The total money flow into the stock was $2.86 million. The block trades reveal a bullish bias with an up-down ratio of 1.51. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $10.15 million of block transactions on upticks. The value of block trades on downticks was $6.71 million, indicating lower selling interest. The total money flow in block trades was $3.44 million. In terms of price action, Freeport-McMoran (FCX) traded down $0.17 during the session at $12.94. Compared to the previous days closing, the stock was down only by -1.3%. For the week, the stock is 15.54%, over previous weeks closing.


Freeport-McMoRan Inc. is up 19.24% in the last 3-month period. Year-to-Date the stock performance stands at 94.09%. Shares of Freeport-McMoRan Inc. rose by 12.79% in the last five trading days and 21.89% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the (Vice Chairman of the Board) of Freeport-Mcmoran Inc, Flores James C had purchased shares worth of $21,340,000 in a transaction dated on September 4, 2015. A total of 2,200,000 shares were purchased at a price of $9.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Freeport-McMoran (NYSE:FCX): stock turned positive on Monday. Though the stock opened at $12.91, the bulls momentum made the stock top out at $13.15 level for the day. The stock recorded a low of $12.6 and closed the trading day at $13.14, in the green by 0.23%. The total traded volume for the day was 22,242,739. The stock had closed at $13.11 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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