- Perception of the company's creditworthiness is neutral but improving
- ETFs holding this stock have seen outflows over the last one-month
- Bearish sentiment is low
- Economic output in this company's sector is contracting
Short interest | Positive
Short interest is low for FCX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
ETF/Index ownership | Negative
ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FCX totaled $18.72 billion. Additionally, the rate of outflows appears to be accelerating.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year.
Credit default swap | Neutral
The current level displays a neutral indicator with a strengthening bias over the past 1-month. Although FCX credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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