Freeport-McMoRan Inc (FCX) stock has risen 12.76% over the past week and gets a Bullish rating from InvestorsObserver 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!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With FCX Stock Today?
Freeport-McMoRan Inc (FCX) stock is trading at $32.43 as of 9:41 AM on Thursday, Aug 11, a gain of $1.02, or 3.25% from the previous closing price of $31.41. The stock has traded between $31.98 and $32.47 so far today. Volume today is less active than usual. So far 83,144 shares have traded compared to average volume of 22,109,166 shares.
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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.
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