DJ Freeport-McMoRan Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Freeport-McMoRan Inc. $(FCX)$ slipped 4.70% to $38.71 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's fifth consecutive day of losses.
Freeport-McMoRan Inc. closed $16.53 below its 52-week high ($55.24), which the company reached on May 20th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Newmont Corp. $(NEM)$ fell 5.43% to $37.64.
Trading volume (12.3 M) eclipsed its 50-day average volume of 10.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 16:50 ET (21:50 GMT)
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