Where Will Freeport-McMoRan Inc (FCX) Stock Go Next After It Is Lower By 14.40% in a Week?

The market has been down on Freeport-McMoRan Inc (FCX) stock recently. FCX gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Freeport-McMoRan Inc has a Bearish 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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With FCX Stock Today?

Freeport-McMoRan Inc (FCX) stock is trading at $29.85 as of 9:50 AM on Friday, Jun 24, a gain of $0.28, or 0.95% from the previous closing price of $29.57. The stock has traded between $29.15 and $29.97 so far today. Volume today is below average. So far 1,026,752 shares have traded compared to average volume of 19,268,780 shares.

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.