Decoding Freeport-McMoRan's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Freeport-McMoRan (NYSE:FCX) shows a bearish sentiment among major investors, with 59% of trades being bearish. The stock is currently trading at $44.88, up 0.79%, and analysts have mixed ratings with price targets ranging from $53 to $60.
July 26, 2024 | 6:31 pm
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Options activity for Freeport-McMoRan indicates a bearish sentiment with 59% of trades being bearish. The stock is currently trading at $44.88, up 0.79%. Analysts have mixed ratings with price targets ranging from $53 to $60.
The majority of options trades are bearish, indicating that major investors expect the stock price to decline. Despite the current price increase and mixed analyst ratings, the bearish sentiment in options trading suggests a potential short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100