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 bullish stance taken by a majority of investors. The targeted price range for the company over the last three months has been between $30.0 and $47.0. The current price of FCX is down by 4.04% at $39.12. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $38, while Bernstein downgraded its action to Market Perform with a price target of $41.
July 05, 2023 | 7:31 pm
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Freeport-McMoRan has seen unusual options activity, with a bullish stance taken by investors. The stock price is currently down, and analysts have mixed ratings.
The unusual options activity indicates that investors are expecting significant price movement. However, the current price is down and analysts have mixed ratings, which makes the short-term impact uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100