Yahoo Finance Freeport-McMoRan's Sara Lewis Acquires 29% More Stock \
Investors who take an interest in Freeport-McMoRan Inc. (NYSE:FCX) should definitely note that insider Sara Lewis recently paid US$34.90 per share to buy US$140k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 29%.
View our latest analysis for Freeport-McMoRan
Freeport-McMoRan Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Ryan Lance bought US$988k worth of shares at a price of US$31.88 per share. We do like to see buying, but this purchase was made at well below the current price of US$35.82. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 38.00k shares worth US$1.2m. But they sold 3.68k shares for US$159k. In the last twelve months there was more buying than selling by Freeport-McMoRan insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Freeport-McMoRan is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Freeport-McMoRan
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Freeport-McMoRan insiders own about US$240m worth of shares (which is 0.5% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Freeport-McMoRan Tell Us?
Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. With high insider ownership and encouraging transactions, it seems like Freeport-McMoRan insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Freeport-McMoRan. At Simply Wall St, we found 1 warning sign for Freeport-McMoRan that deserve your attention before buying any shares.
But note: Freeport-McMoRan may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
