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Fifth Third Bancorp Buys 59,854 Shares of Freeport-McMoRan Inc. $FCX
Fifth Third Bancorp recently increased its stake in Freeport-McMoRan Inc. by 8.2%, acquiring 59,854 additional shares to own a total of 790,190 shares valued at approximately $40.13 million. Despite this institutional buying, several insiders have been net sellers, with total insider sales reaching $35.84 million in the last 90 days. Freeport-McMoRan recently reported strong quarterly earnings, beating analyst expectations with $0.57 EPS and $6.23 billion in revenue, and also declared a quarterly dividend of $0.075 per share.