Chairman Adkerson sells 400,991 shares over 2 days for $25.5M; stock at 52-week high as fundamentals strengthen.
Richard C. Adkerson, Chairman of Freeport-McMoran, executed 3 separate sales totaling 400,991 shares for $25,464,329.06 across two trading days (Feb 10–11), reducing his holdings by 10.7% to 3,356,159 shares. The sales occurred at a blended average price of $63.50, within a tightening band near the stock's 52-week high of $65.46. Notably, the stock has rallied 11.5% over the prior 30 days and 61.5% over 90 days, while FCX fundamentals remain robust with annual revenue growth of 11.4%, net income of $1,247,000,000.00, and a market cap of $93,996,021,003.60. Adkerson's prior two sales at FCX (May 2024, April 2024) were both well-timed at the 90-day mark, suggesting a pattern of selling ahead of or at cyclical inflection points. This sale's proximity to a 52-week high and strong recent momentum warrants attention to whether it reflects a strategic reassessment of valuation or near-term business outlook.