Looking At Freeport-McMoRan's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a majority of investors taking a bullish stance. The targeted price range for the company over the last three months has been between $25.0 and $45.0. The current price of FCX is up 2.92% at $40.41, and the next earnings are expected in 23 days. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $38.
June 27, 2023 | 7:03 pm
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Freeport-McMoRan has seen unusual options activity, with a majority of investors bullish. The stock price is up 2.92% at $40.41, with a targeted price range of $25-$45.
The unusual options activity, majority of which is bullish, indicates investor confidence in the company's performance. This, coupled with the stock price increase, suggests a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100