Live On CNBC, Kevin Simpson Announces Sold Freeport-McMoRan Calls
Portfolio Pulse from Benzinga Newsdesk
Kevin Simpson announced on CNBC that he has sold call options on Freeport-McMoRan, indicating a bearish or neutral outlook on the stock.
August 19, 2024 | 4:46 pm
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Kevin Simpson's sale of call options on Freeport-McMoRan suggests a bearish or neutral outlook, potentially impacting the stock's short-term price.
The sale of call options typically indicates that the seller expects the stock price to not rise significantly, or even decline. This action by Kevin Simpson, a known investor, could influence market sentiment and lead to a short-term decrease in FCX's stock price.
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