Check Out What Whales Are Doing With FCX
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Freeport-McMoRan (NYSE:FCX), with 66% of the spotted trades being bearish. The whales have been targeting a price range from $25.0 to $43.0 for Freeport-McMoRan over the last 3 months. The price of FCX is currently down -1.44% at $38.7.
August 24, 2023 | 5:01 pm
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NEGATIVE IMPACT
A significant investor has taken a bearish stance on Freeport-McMoRan, which could potentially drive the stock price down in the short term.
The bearish stance taken by a significant investor indicates a lack of confidence in the company's performance, which could potentially lead to a decrease in the stock price. The targeted price range also suggests that the investor expects the stock price to fluctuate within this range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100