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Barometer Capital Management Inc. Sells 54,860 Shares of Freeport-McMoRan Inc. $FCX
Barometer Capital Management Inc. reduced its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 72.1%, selling 54,860 shares and leaving them with 21,240 shares valued at $830,000. This sale comes amidst other institutional investors adjusting their positions and significant insider selling, with CFO Maree E. Robertson and Chairman Richard C. Adkerson each selling millions in company stock. Despite these sales, analysts generally maintain a “Moderate Buy” rating for FCX with a consensus target price of $62.59.