Freeport-McMoRan Inc. (FCX) Dips 2.66% for January 11

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday January 11 was Freeport-McMoRan Inc. (FCX). The stock experienced a 2.66% decline to $30.32 with 22.22 million shares changing hands.

Freeport-McMoRan Inc. started at an opening price of 29.52 and hit a high of $30.55 and a low of $28.05. Ultimately, the stock took a hit and finished the day at $0.83 per share. Freeport-McMoRan Inc. trades an average of n/a shares a day out of a total 1.45 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Freeport-McMoRan Inc. hit a high of $31.79 and a low of $4.83 over the last year.

Freeport-McMoRan Inc mines more copper than any other publicly traded company in the world. Its assets include the Indonesian Grasberg mining complex, the world's largest copper and gold mine in terms of recoverable reserves. Freeport also has significant mining operations in the Americas.

With its headquarters located in Phoenix, AZ, Freeport-McMoRan Inc. employs 27,500 people. After today’s trading, the company’s market cap has fallen to $44.05 billion, a P/S of n/a, a P/B of 4.77, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Freeport-McMoRan Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FCX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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