DJ Freeport-McMoRan Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Freeport-McMoRan Inc. $(FCX)$ advanced 3.42% to $50.45 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.26% to 5,127.79 and the Dow Jones Industrial Average rising 1.18% to 38,675.68.
The stock's rise snapped a three-day losing streak.
Freeport-McMoRan Inc. closed $2.07 short of its 52-week high ($52.52), which the company reached on April 29th.
The stock outperformed some of its competitors Friday, as Newmont Corp. $(NEM)$ fell 0.95% to $40.66.
Trading volume (14.5 M) remained 1.1 million below its 50-day average volume of 15.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2024.
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(END) Dow Jones Newswires
May 03, 2024 16:47 ET (20:47 GMT)
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