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Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:08 EDTFCXFreeport seeks suitors for stake in power plant, Bloomberg says
Freeport-McMoRan is working with Wells Fargo to find a buyer for its one-third stake in the Luna Energy Facility in New Mexico, which is worth as much as $200M, said Bloomberg, citing two people familiar with the matter. Reference Link
News For FCX From The Last 14 Days
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May 14, 2015
16:00 EDTFCXOptions Update; May 14, 2015
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13:28 EDTFCXIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
10:14 EDTFCXFreeport McMoRan call activity attributed to takeover speculation
Freeport McMoRan May 23 and 23.5 calls are active on total call volume of 14K contracts (1K puts) on takeover speculation. May call option implied volatility is at 34, June is at 40, October is at 38; compared to its 26-week average of 40. Active option volume suggests traders taking positions for wide price movement.
10:05 EDTFCXRumor: Freeport McMoRan strength attributed to takeover speculation
The 3% move higher in shares of Freeport McMoRan is being attributed to speculation of a takeover.

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