Freeport-McMoRan Trading Volume Plummets 44.12% Ranking 203rd in Market Activity

On July 16, 2025, Freeport-McMoRan (FCX) experienced a significant decline, with its trading volume dropping by 44.12% to 4.98 billion, ranking 203rd in the day's market activity. The stock has been on a downward trend for the past four days, with a cumulative decrease of 6.84%.

Morgan Stanley recently adjusted its outlook for Freeport-McMoRan, downgrading the stock from Overweight to Equal-Weight. This change in rating has contributed to the recent decline in the company's share price. The downgrade was part of a broader adjustment by Morgan Stanley analyst Carlos De Alba, who also lowered his ratings for other stocks in the sector.

The downgrade by Morgan Stanley reflects concerns about the company's valuation and market positioning. Analysts have cited various factors, including the impact of copper tariffs and broader market conditions, as reasons for the revised outlook. This shift in sentiment has led to increased volatility in Freeport-McMoRan's stock, with investors reassessing their positions in light of the new information.