U.S. Markets closed

Freeport-McMoRan Inc. (FCX)


NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
11.76+0.31 (+2.71%)
At close: 4:00PM EDT
People also watch
NEMBHPABXPOTCHK
  • I feel like we are gonna go under $11 sometime in the near future. But that's fine more cheap shares I can buy
  • PM was a head-fake as the session starts with bid at...$11.42. A yank by the sell side to establish who has command today? Let's see. GSCO bracketing for today. 9.9K showing below bid at $11.22 and 9.9K above ask at $11.70. Bid now $11.39.
  • EARTH TO THE MARKETS, FCX PRODUCES COPPER. sorry for the caps but considering the rally in copper today , i felt that the market needed a reminder
  • As if around 5:30 am EST, copper is on fire. Let's see if it holds into Friday's session. Could provide a good lift to upper 11s.
  • if we break 11 on day when copper was up 1.5% I'm going to absolutely lose it
  • Copper getting another boost. FCX says they are producing at normal rates at Grasberg. What's not to like?
  • Bid $11.27. Trying to work its way higher probably related to what Jameson posted. But it's a churn-fest...
  • Better day for copper so far. Oil too, even though the influence on the price of FCX is ridiculous.
  • Think about this. In Q1 2016 FCX corrected -45%. In Q4 2015 FCX corrected -71%. In Q2 to Q3 FCX corrected -60%. In Q3 to Q4 2014 FCX corrected -57%. In all cases the root cause was the Indonesian Government extortion efforts causing the corrections and not the pricing of metals. Care to guess which direction the stock is heading in the next month or so? After all FCX stock is "only" down 35% from the recent top and nothing has changed with regard to Indonesian Government intentions.
  • Big day for metals as of 1pm. Gainers include US Steel, up 7% ; AK Steel and Century Aluminum, both up 8%: Cliffs Nat Res, up 6%; and Seabridge Gold, up 5%
  • Does this company have an Investor Relations department? You would think they could provide something positive about the Company periodically, or maybe there isn't anything positive to say. Kind of frustrating watching this thing go down every day. My average cost basis is a little under $10, so still above water, but still frustrating to watch.
  • Everything is trending with oil right now lol
  • Bid $11.34 but the .35 ask is showing LARGE (for this equity). Over 100K large. So that's the battle line.
  • oh wonderful... the market thinks FCX should trade strongly with the price of oil.. who are these people?
  • Bid $11.62. Bid has been catching strong support all day. The way this thing get's played you'd think it was a commodity. Oh....wait.... ;-)
  • I wouldn't touch this thing until it tests 10. It'll probably find some support there temporarily.
  • This might be a dumb question but is the "JP" and "Jameson" on this board that I know the same that is on the RAD board? lol
  • Unusual action today. We were up on light volume!

    It is nearly always the other way, i.e., down on light volume....

    Seems we may be seeing the bottom put in for good!!

    Short squeeze will start...

    Smart money has been accumulating FCX at this level. Reminds me of when it was trading in the $4 area. Picked up several thousand and am still holding in addition to other shares purchased at higher prices earlier. My avg cost is now just over $7.00. I am holding for at least a year and probably longer. Believe this stock will head back toward $35 or so...

    glta
  • Bid $11.14. I'm in for a buy side trade at .15. But meanwhile I took a look at GSCO's bracketing tactic. Today they're showing 10K shares at a point both south of the bid and north of the ask. South of the bid they're sitting fat at $10.95. Above the ask they're sitting fat at $11.36. The fact that their upper bracket reflects a line less than the intraday high tells me they don't expect the bid to get back near that high, and more the likely it is that the bid will be walked further downward towards their target. At least...right now. How they move those brackets will tell you what will probably happen next. Let's see how it plays. Bod $11.14, but the ask is showing ~3:1 larger...which means the pressure is to the downside...
  • When stories pop up that "analysts are bullish" take it that they are getting retail buyers to buy so they can short. I am in at 11.29 so I will be OK for now. But don't believe the nonsense they tell you. It will only cost you money like it cost me in the past.