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

Freeport-McMoran (FCX) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (14.95 million) in Freeport-McMoran (FCX). On Thursday, The value of composite uptick trades was $67.08 million, whereas, the value of composite downtick trades was $82.03 million and the ratio between the two was 0.82, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $20.23 million. $12.07 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.6. The negative money flow of ($8.15 million) shows selling on strength. Freeport-McMoran (FCX) gained $0.01 intraday at $12.97 and registrered 0.08% for the week.


The stock has recorded a 20-day Moving Average of 15.22% and the 50-Day Moving Average is 16.11%. Shares have dropped -31.15% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $17.21 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.04 and the 200 Day Moving Average price is recorded at $9.11.

Freeport-McMoran (NYSE:FCX): The stock opened at $13.03 on Thursday but the bulls could not build on the opening and the stock topped out at $13.22 for the day. The stock traded down to $12.68 during the day, due to lack of any buying support eventually closed down at $12.95 with a loss of -0.08% for the day. The stock had closed at $12.96 on the previous day. The total traded volume was 31,588,304 shares.

In an insider trading activity, 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.

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