Quick scan of Eazzy_to_see's comments and you'll notice that he's continually pumping the spilt. I feel like this subject has been beaten to death, especially since no one seems to be changing their opinion.
In the spirit of providing a real debate, I am curious how the stock spilt would increase liquidity - specifically, how much liquidity will be infused considering that 92% of the stock is owned by institutions & insiders and a significant % of the remaining 8% is owned by individual investors, most of which are long-term holders.
That is the only explanation. Have you ever heard of a stock taking a breather? Look at GOOG. Does it need a shot of liquidity? I bet if it had a 12 for 1 split it would move so fast to 100! NO, Wall Street IS NOT stupid, regardless of whether you are or not.
Plenty liquid as is. Forming base at these levels to push for a new high. Market was screwy today. Once past the Fed upward trend to continue as long as they cut. Not opposed to a split but this will move fine without one.
If Chipotle can do it (CMG), my son, then FCX can do it much easier! $200 will be on our screens sooner than we all expect. Consider continued rate cuts, increasing inflation rates, increasing metal prices, and a great company.