Looking At Freeport-McMoRan's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Freeport-McMoRan (NYSE:FCX) indicates a bullish sentiment among deep-pocketed investors. Benzinga's options scanner highlighted 12 extraordinary options activities, with 58% leaning bullish. The stock is currently trading at $49.43, down by 0.9%. Analysts have set a consensus target price of $61.0.
June 26, 2024 | 3:47 pm
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Unusual options activity in Freeport-McMoRan (NYSE:FCX) indicates a bullish sentiment among investors, with 58% of the activity being bullish. The stock is currently trading at $49.43, down by 0.9%. Analysts have set a consensus target price of $61.0.
The significant bullish options activity suggests that investors are expecting positive price movements in the near term. The stock is currently trading at $49.43, and analysts have set a higher target price of $61.0, reinforcing the bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100