Freeport-McMoRan Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Freeport-McMoRan (NYSE:FCX) shows a bearish sentiment among big-money investors, with 54% of trades being bearish. The trading volume and open interest indicate significant market interest, with a focus on a price range between $20.0 and $55.0. Analysts have mixed ratings, with price targets ranging from $54 to $60.
June 06, 2024 | 6:31 pm
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Freeport-McMoRan (NYSE:FCX) has seen significant bearish sentiment from big-money investors, with 54% of recent options trades being bearish. The stock is currently trading at $50.6, with analysts setting price targets between $54 and $60.
The significant bearish sentiment from big-money investors, as indicated by the options trading data, suggests a potential short-term decline in FCX's stock price. The mixed analyst ratings provide some support but do not outweigh the bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100