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Shares of Freeport-McMoRan Inc. (FCX) shed 3.08% to $39.60 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.39% to 4,700.90 and the Dow Jones Industrial Average rising 0.15% to 36,142.22. This was the stock's second consecutive day of losses. Freeport-McMoRan Inc. closed $6.50 below its 52-week high ($46.10), which the company achieved on May 10th.
The stock underperformed when compared to some of its competitors Tuesday, as BHP Group PLC ADR (BHP.LN) fell 1.92% to $51.02, BHP Group Ltd. ADR (BHP.AU) fell 1.86% to $52.74, and Rio Tinto PLC ADR (RIO.LN) fell 1.74% to $60.55. Trading volume (19.0 M) remained 1.9 million below its 50-day average volume of 20.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2021.
(END) Dow Jones Newswires
November 16, 2021 16:53 ET (21:53 GMT)
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