Large Outflow of Money Witnessed in Freeport-McMoran, Inc.

Shares of Freeport-McMoran, Inc. (FCX) traded 0.19 points or 1.14% higher at $16.84.The total intraday money flow for the shares came in at a disappointing $(-16.33) million. The total upticks amounted to $53.43 million and the total downticks were approximately $69.76 million, with the up/down ratio of 0.77. On a different note, the shares have seen 2.87% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $4.97 million in upticks and an outflow of $23.27 million in downticks. The up/down ratio for the block was found to be 0.21. The net money flow for the block transaction was $(-18.3) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Freeport-McMoRan Inc. rose by 2.06% in the last five trading days and 27.67% for the last 4 weeks. Freeport-McMoRan Inc. is up 50.63% in the last 3-month period. Year-to-Date the stock performance stands at 27.67%. Freeport-McMoran, Inc. (NYSE:FCX) rose 1.14% or 0.19 points on Wednesday and made its way into the gainers of the day. After trading began at $16.63 the stock was seen hitting $16.89 as a peak level and $16.41 as the lowest level. The stock ended up at $16.84. The daily volume was measured at 21,112,308 shares. The 52-week high of the share price is $17.06 and the 52-week low is $4.26. The company has a market cap of $24,250 million.

Company has reported several Insider transactions to the SEC, on Sep 8, 2015, James C Flores (Vice Chairman of the Board) purchased 2,200,000 shares at 9.70 per share price.On Aug 31, 2015, James R Moffett (Chairman of the Board) purchased 100,000 shares at 10.57 per share price.

Freeport-McMoRan Inc Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.08. Analyst had a consensus of $0.33. The company had revenue of $4377.00 million for the quarter, compared to analysts expectations of $4335.63 million. The companys revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by UBS on Dec 1, 2016 to Buy, Raises Price Target to $ 18 from a previous price target of $11 .Freeport-McMoRan Inc was Downgraded by Berenberg to Sell on Nov 30, 2016. Company shares were Reiterated by Cowen on Nov 21, 2016 to Outperform, Raises Price Target to $ 20 from a previous price target of $15 .Freeport-McMoRan Inc was Downgraded by Deutsche Bank on Nov 17, 2016 to Hold, Price Target of the shares are set at $13.80.

Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia. They are the worlds lowest-cost copper producer and one of the worlds largest producers of copper and gold. FCXs operations are conducted through its subsidiaries, P.T. Freeport Indonesia (PT-FI), P.T. IRJA Eastern Minerals Corporation (Eastern Mining) and through Atlantic Copper, S.A. (Atlantic).


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