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Should You Buy Freeport-McMoRan Inc (FCX) Stock After it Is Up 11.22% in a Week?

Monday, December 05, 2022 09:45 AM | InvestorsObserver Analysts

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Should You Buy Freeport-McMoRan Inc (FCX) Stock After it Is Up 11.22% in a Week?

Freeport-McMoRan Inc (FCX) stock is up 11.22% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With FCX Stock Today?

Freeport-McMoRan Inc (FCX) stock is up 0.07% while the S&P 500 is lower by -0.62% as of 9:40 AM on Monday, Dec 5. FCX is up $0.03 from the previous closing price of $40.22 on volume of 57,144 shares. Over the past year the S&P 500 is down -11.87% while FCX is up 7.71%. FCX earned $2.64 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.26.

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.

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