Check Out What Whales Are Doing With FCX
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Freeport-McMoRan (FCX), with 69% of detected trades being bearish. The trading activity suggests a price target range between $30.0 and $42.5. Notable options activity includes both bullish and bearish sentiments, with a current stock price of $41.57 and a neutral RSI. The company's earnings release is anticipated in 37 days.
March 13, 2024 | 1:46 pm
News sentiment analysis
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NEGATIVE IMPACT
Freeport-McMoRan has seen a bearish sentiment from whales, with a price target range of $30-$42.5. The stock is currently at $41.57, with a neutral RSI indicator.
The bearish sentiment from whales, combined with the current stock price nearing the upper end of the target range and a neutral RSI, suggests potential short-term downside. The upcoming earnings release adds to the uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100