Looking At Freeport-McMoRan's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Freeport-McMoRan (NYSE:FCX), with 64% of recent trades being bullish and 35% bearish. The targeted price range for the company over the last 3 months is $30.0 to $42.0. The current price of FCX is down -1.51% at $40.46. Citigroup, Morgan Stanley, and Bernstein have given neutral to market perform ratings with price targets of $46, $38, and $41 respectively.
July 17, 2023 | 8:46 pm
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Freeport-McMoRan has seen significant bullish activity, with a targeted price range of $30.0 to $42.0. The current price is down -1.51% at $40.46. Analysts have given neutral to market perform ratings.
The bullish stance taken by a significant investor indicates a positive outlook for Freeport-McMoRan. However, the current price is down, and analysts have given neutral to market perform ratings, suggesting uncertainty in the short term. The targeted price range also indicates potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100