Freeport-McMoRan Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
The article discusses recent options trading activity for Freeport-McMoRan (NYSE:FCX), revealing a balanced sentiment among traders with significant trades in both puts and calls. Analysts have set a price target range of $46.0 to $55.0, with a consensus target price of $57.0. The stock is currently down 2.56% at $48.72, and RSI indicators suggest it may be approaching oversold territory.
June 11, 2024 | 2:46 pm
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Recent options trading for Freeport-McMoRan shows balanced sentiment with significant trades in both puts and calls. Analysts have set a price target range of $46.0 to $55.0, with a consensus target price of $57.0. The stock is currently down 2.56% at $48.72, and RSI indicators suggest it may be approaching oversold territory.
The balanced sentiment in options trading indicates uncertainty among traders, which could lead to volatility in the short term. The stock's current price and RSI indicators suggest it may be oversold, potentially leading to a rebound. However, the mixed analyst ratings and price targets add to the uncertainty.
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