What’s Fueling Freeport-McMoRan Inc (FCX) Stock’s -1.48% Loss Below Its 200-Day SMA?
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.77% of Freeport-McMoRan Inc (FCX)’s shares, while financial institutions hold 84.46%.