Check Out What Whales Are Doing With FCX
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 28% bullish and 71% bearish. The whales have been targeting a price range from $30.0 to $40.0 for FCX over the last 3 months. The current price of FCX is down -1.13% at $33.66. Morgan Stanley, BMO Capital, and JP Morgan have maintained their ratings on FCX with price targets of $41, $45, and $42 respectively.
October 31, 2023 | 6:31 pm
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A large investor has taken a bearish stance on Freeport-McMoRan (FCX) as indicated by unusual options activity. The sentiment among these big-money traders is 71% bearish. The current price of FCX is down -1.13% at $33.66.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, suggests that there may be a negative outlook for FCX. This could potentially lead to a decrease in the stock price in the short term. The current price of FCX is already down -1.13%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100