Freeport Shares Climb Wednesday on Rising Copper Prices
Shares of Freeport-McMoRan, a member of Real Money's 'Stressed Out' watch list, climbed higher on Wednesday as prices of copper increased more than two percent to nearly $209 a pound.
Shares of Freeport-McMoRan (FCX) - Get Report , a member of Real Money's 'Stressed Out' watch list, climbed higher on Wednesday as prices of copper increased more than two percent to nearly $209 a pound. Shares of the Phoenix-based miner have risen 66 percent so far this year, helped by rising oil and metal prices. Freeport had long been hampered by more than $20 billion debt amid sliding oil and commodity prices, with shares sliding 68% in 2015, before rebounding sharply this year.
This article was written by a staff member of TheStreet.
