Freeport-McMoran In The Red (FCX)

Shares of Freeport-McMoran FCX, which have been struggling recently, are now in the red in what is a very strong broad market tape. The stock is currently down 0.19% to $51.87 despite a 172 point rally in the Dow Jones Industrial Average. During the last month, FCX has lost nearly 9%. In the last year, however, the stock is up around 31%. Freeport-McMoRan Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company.