Southern Copper Corp's Luis Miguel Palomino Sells 414 Shares for $100 Each.

Southern Copper Corporation announced that Director Luis Miguel Palomino Bonilla has sold 414 shares at $100 per share on August 8, 2025.

Southern Copper Corporation (NYSE: SCCO) experienced a notable market event on August 8, 2025, when Director Luis Miguel Palomino Bonilla sold 414 shares at $100 per share [3]. This transaction occurred amidst broader market volatility and a 4.1% intraday drop in SCCO's stock price, driven by a 19.25% monthly decline in copper prices [3]. The sale of shares by a company director often raises investor concerns, particularly when it coincides with adverse market conditions.

The immediate catalyst for SCCO's decline was the sale of 400 shares by Palomino Bonilla at $97.50, totaling $39,000, on August 7, 2025 [2]. This sale, combined with the broader slump in copper prices, amplified selling pressure on SCCO. The stock's intraday low of $95.85 reflects a 4.1% drop from its previous close of $100.10, signaling short-term bearish momentum [3]. The broader copper sector remains mixed, with Freeport-McMoRan (FCX) down 0.81% intraday, while SCCO's 4.1% drop outpaces FCX’s decline [3].

Technical indicators suggest a bearish bias for SCCO, with the stock trading near its 20-day low of $95.85. The 200-day moving average at $96.27 and Bollinger Bands’ lower boundary at $91.06 could act as critical support levels [3]. Short-term traders may consider bearish options strategies given the stock’s proximity to key technical levels and elevated volatility [3].

The recent share sale by Palomino Bonilla, along with the broader market conditions, has sparked investor anxiety. However, it is essential to note that insider selling alone rarely drives stock prices. Instead, the timing of this sale coincides with a broader market trend and external factors such as copper price fluctuations.

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company's recent dividend increase to $1.01 per share from the previous $0.62, reflecting a dividend yield of 270.0% and a payout ratio of 61.27%, may provide some comfort to investors [1]. However, the company faces challenges in the current market environment, particularly with respect to copper prices.

In conclusion, the sale of shares by Palomino Bonilla and the broader market conditions have contributed to SCCO's recent decline. While the company's fundamentals and recent dividend increase may provide some reassurance, investors should remain vigilant and consider the broader market trends and external factors affecting the copper sector.

References:
[1] https://www.marketbeat.com/instant-alerts/southern-copper-corporation-nysescco-director-sells-3900000-in-stock-2025-08-11/
[2] https://www.tradingview.com/news/tradingview:e5a81a9cb4a8e:0-southern-copper-corp-director-sells-shares/
[3] https://www.ainvest.com/news/southern-copper-plummets-2-77-tariff-fears-analyst-downgrades-2508/