Freeport-McMoRan Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan has seen unusual options activity with a bullish sentiment from large investors. 66% of the trades were bullish, focusing on a price range of $39 to $60. The stock is currently trading at $43.99, down 2.73%, with a neutral RSI. Analysts have a target price of $52.
August 28, 2024 | 2:16 pm
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Freeport-McMoRan has experienced significant bullish options activity, with 66% of trades being bullish. The stock is currently trading at $43.99, down 2.73%. Analysts have set a target price of $52, indicating potential upside.
The unusual options activity with a majority of bullish trades suggests investor confidence in Freeport-McMoRan's potential price increase. The current stock price is $43.99, and analysts have a target of $52, indicating a positive outlook. The stock's RSI is neutral, suggesting no immediate overbought or oversold conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100