Freeport-McMoRan Inc (FCX) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been high on Freeport-McMoRan Inc (FCX) stock lately. FCX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Freeport-McMoRan Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FCX!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With FCX Stock Today?

Freeport-McMoRan Inc (FCX) stock is trading at $47.09 as of 3:56 PM on Thursday, Mar 28, a gain of $1.20, or 2.61% from the previous closing price of $45.89. The stock has traded between $45.96 and $47.19 so far today. Volume today is 14,814,809 compared to average volume of 12,519,947.

More About Freeport-McMoRan Inc

Freeport-McMoRan Inc is an international mining company. It operates geographically diverse assets with proven and probable mineral reserves of copper, gold and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia; and mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. It derives key revenue from the sale of Copper. Click Here to get the full Stock Report for Freeport-McMoRan Inc stock.