Home Options Trading Advantage Options – Shares of Freeport-McMoRan Volatile on Analyst Comments

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Shares of  Freeport-McMoRan (FCX) were volatile in trading on Thursday due to bullish expectations for the stock by industry analysts. Morgan Stanley raised the price target for stocks in the mining sector on September 25th, and FCX received an estimated earnings of $0.23 per share yesterday. These resulted in the stock sharply rising off of its lows on Thursday. FCX shares closed up +3% to settle at 14.42 for the session. Keep an eye on FCX for further developments.

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