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Freeport-McMoRan Inc. NYSE:FCX Boasts of Strong Institutional Backing

August 24, 2025
In a recent development, the LGT Group Foundation has sold 150,737 shares of Freeport-McMoRan Inc., reducing its ownership to 87%. This move comes as Freeport-McMoRan Inc. boasts of strong institutional backing, with the majority of its shares held by institutional investors. Despite a recent dip of 6.4% since its last earnings report, experts believe that Freeport-McMoRan Inc. has the potential to rebound, making it an interesting prospect for investors. HighTower Advisors LLC has also recently lowered its stock position in Freeport-McMoRan, indicating a shift in ownership dynamics. For more insights and expert analysis on the movement of Freeport-McMoRan Inc. stocks, it is recommended to consult professionals at Stocks Prognosis.
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