Published on 11 Oct 2021 on Market Watch
Freeport-McMoRan Inc. stock outperforms competitors on strong trading day
Shares of Freeport-McMoRan Inc. advanced 3.22% to $35.23 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.69% to 4,361.19 and Dow Jones Industrial Average falling 0.72% to 34,496.06. Freeport-McMoRan Inc. closed $10.87 below its 52-week high ($46.10), which the company reached on May 10th.
The stock outperformed some of its competitors Monday, as BHP Group PLC ADR rose 1.54% to $53.33, BHP Group Ltd. ADR rose 1.42% to $55.84, and Rio Tinto PLC ADR rose 1.96% to $69.81. Trading volume (26.6 M) eclipsed its 50-day average volume of 18.6 M.