Freeport-McMoRan Inc (FCX) Pops 13.81% for February 17

Equities Staff |

One of the S&P 500’s big winners for Wednesday February 17 was Freeport-McMoRan Inc (FCX) as the company’s stock climbed 13.81% to $7.25 on volume of 93.94 million shares.

The stock opened at $6.63 and saw an intraday low of $6.60 and an intraday high of $7.60. All told, the day saw a per-share gain of $0.88. The stock’s average daily volume of 47.94 million and 1.16 billion shares outstanding. Freeport-McMoRan Inc now has a 50-day SMA is $5.69 and 200-day SMA is $11.92, and it has a 52-week high of $23.97 and a 52-week low of $3.52.

Freeport-McMoRan Inc, formerly Freeport-McMoRan Copper & Gold, deals in the mining of copper, gold and molybdenum.

Based out of Phoenix, AZ, Freeport-McMoRan Inc has 35,000 employees and, after today’s trading, reached a market cap of $8.38 billion. Its P/S ratio is 0.46, P/B ratio is 0.77, and P/FCF ratio is -1.9.

For a complete fundamental analysis analysis of Freeport-McMoRan Inc, check out Equities.com’s Stock Valuation Analysis report for FCX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The S&P 500 represents the industry standard for large-cap indices. While the Dow Jones Industrial Average (DJIA) may be the most visible stock market index in the country, the S&P 500 has long been relied on by industry insiders and fund managers as the more reliable gauge of portfolio performance.

While the DJIA is price-weighted and only includes 30 stocks, the S&P 500 uses a weighting system that factors in market cap and the size of a company’s free float while including some 500 stocks for a more comprehensive look at the broader markets’ performance. Its performance is far more representative of the large- and mega-cap stocks for any period of time.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

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