Check Out What Whales Are Doing With FCX
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Freeport-McMoRan (NYSE:FCX), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $35.0 to $45.0 for Freeport-McMoRan over the last 3 months. The price of FCX is currently down -2.0% at $39.6. Next earnings are expected to be released in 42 days.
September 07, 2023 | 4:31 pm
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Whale investors have taken a bullish stance on Freeport-McMoRan, targeting a price range from $35.0 to $45.0. The current price is down -2.0% at $39.6. Earnings are expected in 42 days.
The bullish stance taken by whale investors indicates a positive sentiment towards Freeport-McMoRan. This could potentially drive the stock price up in the short term, especially if the upcoming earnings release meets or exceeds expectations. However, the current price drop suggests some market uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100