Syntax Research Inc. Sells 39,509 Shares of Freeport-McMoRan Inc. $FCX
MarketBeat
Syntax Research Inc. significantly reduced its stake in Freeport-McMoRan Inc. by 75.7% in the second quarter, selling 39,509 shares, but still holds 12,664 shares valued at $796,000. Despite this sell-off and other insider sales totaling $8.4 million, Freeport-McMoRan reported strong quarterly earnings and revenue, beating analyst estimates, and declared a $0.075 per share dividend. Analysts maintain a "Moderate Buy" rating with an average price target of $70.27 for the stock.
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