Ignore this cluster — the dollar amount is too small relative to market cap to carry informational content. No C-suite involvement and no pattern suggesting coordinated bearish view. Monitor next 10-Q for operational updates on copper production and pricing, which are the real drivers for FCX.
Price Chart
Executive Summary
Two FCX insiders (EVP & CAO and Chief Accounting Officer) sold a combined $1.33M in open-market sales over a 7-day window. At a $99.8B market cap, this represents ~0.001% of market value — a trivial amount that falls well below the 0.1% proportionality threshold for materiality. The sales are likely routine portfolio diversification or tax-related, not a bearish signal on the company's outlook. The historical calibration shows cluster sells are not amplified, and the 80% bullish analyst consensus and strong institutional accumulation (6 adds, 4 doubled) further support a neutral read.
Key Financial Metrics
Key Facts
- Two FCX insiders sold a total of $1.33M in open-market sales on August 5, 2026
- EVP & CAO Stephen T. Higgins sold 14,277 shares at $69.50 ($992K)
- Chief Accounting Officer Ellie L. Mikes sold 4,773 shares at $70.00 ($334K)
- Total sales represent ~0.001% of FCX's $99.8B market cap — trivial
- No C-suite (CEO/CFO) involvement; both sellers are senior officers but not top executives
- Analyst consensus is 80% bullish (24 Buy/Strong Buy out of 30 analysts)
- Institutional 13F shows net accumulation: 6 adds, 4 doubled, 1 new position vs. 3 trims
Financial Impact
Total insider sales of $1.33M represent ~0.001% of FCX's $99.8B market cap — economically insignificant
Risk Factors
- Insider sales could accelerate if copper prices decline sharply
- No immediate catalyst — cluster is non-informative
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FCX-1786004778191 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 4w ago | Insider Cluster | $75.74 $70.79 | ▼ −6.54% | ▼ −6.35% | $69.28 (−8.53%) |
Aug 5, 2026 8w ago | Insider Cluster | $69.39 $73.93 | ▲ +6.54% | ▲ +7.14% | $69.28 (−0.16%) |
May 20, 2026 19w ago | 8-K | $62.31 $68.68 | ▲ +10.23% | ▲ +9.69% | $69.28 (+11.19%) |
Apr 23, 2026 23w ago | DEFA14A | $61.04 $62.31 | ▲ +2.09% | ▼ −1.94% | $69.28 (+13.51%) |
Apr 23, 2026 23w ago | 8-K | $61.45 $60.87 | ▼ −0.94% | ▼ −5.57% | $69.28 (+12.75%) |
Feb 27, 2026 31w ago | 8-K/A | $68.06 $56.21 | ▼ −17.41% | ▼ −9.86% | $69.28 (+1.80%) |
US Market Status
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