Freeport-McMoran Volatile After Q4 Report
Freeport-McMoran Inc (NYSE: FCX) shares are trading higher by $0.24 at $4.18 in Tuesday's session. Before the open, the company announced a Q4 EPS beat of $0.09 with slightly lower revenues.
The report instigated a sharply higher open, that came to an abrupt halt at $4.42. The ensuing decline found support just before the top of Monday's range ($4), stopping at $4.02.
If the rally continues beyond the current high, there may be additional resistance at Friday's high of $4.66.
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