Rio Tinto PLC Stock – Freeport-McMoRan Inc. stock underperforms Friday when compared to competitors
Shares of Freeport-McMoRan Inc.
dropped 0.33% to $41.73 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.88% to 4,229.89 and the Dow Jones Industrial Average
rising 0.52% to 34,756.39. This was the stock’s third consecutive day of losses. Freeport-McMoRan Inc. closed $4.37 short of its 52-week high ($46.10), which the company achieved on May 10th.
The stock underperformed when compared to some of its competitors Friday, as BHP Group PLC ADR
rose 1.92% to $62.18, BHP Group Ltd. ADR
rose 1.56% to $76.12, and Rio Tinto PLC ADR
rose 1.40% to $89.75. Trading volume (15.8 M) remained 7.4 million below its 50-day average volume of 23.2 M.