Freeport-McMoRan Inc. (NYSE:FCX) [Trend Analysis] hits high price of $10.48 to close at $10.19 by surging 28.66% in last trading session with share volume of 106.91 Million that was surprisingly higher than its average volume of 24844.14 shares. Freeport-McMoRan reported additional spending cuts in response to market conditions; 25% reduction ($700 million) in estimated 2016 mining capital expenditures; Projected consolidated 2016 capital expenditures for Mining and Oil & Gas estimated at $4.0 billion. The firm revised capital and operating plans in response to the recent decline in copper prices resulting in reduced capital expenditures, lower production levels and lower operating, administrative and exploration costs.
Freeport-McMoRan Inc. (NYSE:FCX) is currently trading at $9.77. Freeport-McMoRan Inc. (FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations. The Company’s portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in North America. The Company is also engaged in operating copper conversion facilities located in North America, and a refinery, three rod mills and a specialty copper products facility. The Company’s Atlantic Copper smelts and refines copper concentrates and markets refined copper and precious metals in slimes.
Stocks of Johnson & Johnson (NYSE:JNJ) [Trend Analysis] closed at $96.22 in last session with the total traded volume of 11.02 Million. Johnson & Johnson (JNJ) partnered with PCH on Thursday to help startups bring new health care devices to market. PCH is a global product development and supply chain services firm based in Ireland with a big presence in Silicon Valley. Subsidiaries of the two companies, Johnson & Johnson Innovation and PCH Access, will help startups navigate the in-and-outs of hardware manufacturing for the health care device industry. The program will run out of PCH’s Highway1, a four-month, San Francisco-based accelerator program released in 2013 headed by CEO Liam Casey.
Johnson & Johnson (NYSE:JNJ) is currently trading at $92.21. Johnson & Johnson is a holding company. The Company is engaged in the research and development, manufacture and sale of a range of products in the health care field. The Company has more than 265 operating companies conducting business around the world. The Company’s primary focus is products related to human health and well-being. The Company is organized into three business segments: Consumer, Pharmaceutical and Medical Devices. The Company’s subsidiaries operate 134 manufacturing facilities occupying approximately 21.5 million square feet of floor space. The Company’s research facilities are located in the United States, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Japan, the Netherlands, Singapore, Switzerland and the United Kingdom.
CEMEX S.A.B. de C.V. (NYSE:CX) [Trend Analysis] stock closed at $7.68 in last session with the total traded volume of 13.59 Million. CEMEX, S.A.B. de C.V. (CX) reported that its subsidiary CEMEX Latam Holdings, S.A. has completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua. CLH invested ~$30 million for infrastructure procurement and the installation of the first cement grinding mill, with an yearly production capacity of about 220,000 metric tons.
CEMEX S.A.B. de C.V. (NYSE:CX) is currently trading at $7.27. CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in more than 50 countries throughout the world. The Company operates in geographical segments: Mexico, United States, Northern Europe, Mediterranean, South America and the Caribbean (SAC), and Asia. Its types of cement include Gray Ordinary Portland Cement, White Portland Cement, Masonry or Mortar, Oil-well Cement and Blended Cement. The Company’s main cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Croatia, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.