This Is What Whales Are Betting On Freeport-McMoRan
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Freeport-McMoRan (NYSE:FCX), with 70% of recent trades being bullish and 30% bearish. The targeted price range for the company over the last 3 months is $30.0 to $55.0. The current price of FCX is down -1.87% at $36.51. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan, with a price target of $44.
September 26, 2023 | 7:45 pm
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Freeport-McMoRan has seen a bullish stance from a significant investor, with a targeted price range of $30.0 to $55.0. The current price is down -1.87% at $36.51. Morgan Stanley maintains an Equal-Weight rating with a price target of $44.
The news indicates a bullish stance from a significant investor, which could potentially influence other investors. However, the current price is down, indicating some market uncertainty. Morgan Stanley's maintained rating suggests a neutral to positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100