DJ Freeport-McMoRan Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Freeport-McMoRan Inc. $(FCX)$ slipped 4.71% to $49.94 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.57% to 5,035.69 and Dow Jones Industrial Average falling 1.49% to 37,815.92.
The stock's fall snapped a four-day winning streak.
Freeport-McMoRan Inc. closed $2.58 short of its 52-week high ($52.52), which the company achieved on April 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Newmont Corp. $(NEM)$ fell 3.83% to $40.64.
Trading volume (16.7 M) eclipsed its 50-day average volume of 15.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 30, 2024.
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(END) Dow Jones Newswires
April 30, 2024 16:46 ET (20:46 GMT)
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