FCX

-4.8%🔴 Potential overreaction

Freeport-McMoRan Inc. · Basic Materials

$68.94Vol 5.92M · 0.7× normalMkt cap −$5.00Blive · 2026-10-14 ET

What happened

Move

-4.8%

Price

$68.94

Volume

5.92M

0.7× normal

Market cap

$99.00B

−$5.00B today

Why it moved

No clear catalyst identified

No reliable news, earnings or analyst driver was found for this move. A move this size without an obvious driver is most likely flow/positioning-driven rather than a fundamentals story.

Verdict — was the move justified?

🔴 Potential overreaction

A 2.9σ move well beyond the sector with no identified fundamental or news driver — the reaction appears larger than currently visible evidence justifies. Likely flow/positioning-driven.

How unusual is this move

σ score

2.9σ

vs own 20d volatility

Percentile

92th

of 1277 daily moves

Avg daily move

±2.1%

own 5y average

vs sector

-2.4%

beyond sector median

Today’s move is among the largest 8% of FCX’s daily moves over the last 5 years — while the sector moved -2.4% and the market -0.9%.

What happened after similar moves

110 similar down moves in FCX’s 5-year history:

After 5 days

+0.1%

51% higher

After 20 days

+4.7%

66% higher

Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.

Fundamental context

V 37G 31P 69H 80Q 50EW 31/65

Insider activity (90d): net selling $8.39M

Valuation context

P/E (TTM)

35.3

5y median 27.7

P/E percentile

83%

vs own 5y history

FCF yield

0.0%

Trading richer than 83% of its own historical valuation range.

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