On Thursday, Freeport-McMoRan Inc (NYSE:FCX)’s shares showed no change to $6.77.
Freeport-McMoRan Inc. (FCX) announced that James R. Moffett, Chairman of the Board, co-founder, and long-time executive, will step down from FCX’s Board of Directors and as Executive Chairman. Mr. Moffett, who has been named Chairman Emeritus, has agreed to become a consultant to the FCX Board, including providing advisory services in support of the company’s ongoing discussions with the Indonesian Government regarding its Contract of Work.
The Board has elected Gerald J. Ford as Non-Executive Chairman. Mr. Ford has served as FCX’s Lead Independent Director since 2013.
Richard C. Adkerson, Vice Chairman, continues as President and Chief Executive Officer.
“During his over 50-year career in the natural resource industry, Jim Bob has become an icon as an explorationist,” said Gerald J. Ford. “Freeport-McMoRan has been built from his exceptional leadership, strong work ethic and vast knowledge of both the industry and our company’s operations.”
Richard C. Adkerson, stated: “It has been an honor and a privilege to have benefited from Jim Bob’s broad experience, commitment and support throughout the years.”
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
Corning Incorporated (NYSE:GLW)’s shares dropped -1.14% to $18.28. The market capitalization of Corning Incorporated (NYSE:GLW) is $21.62 billion with the total traded volume of the company is 7.59 million. Turning to market valuation, the Price-to-Earnings ratio is 12.35, the Price-to-Sales ratio is 2.33 and the Price-to-Book ratio is finally 1.25. The dividend yield amounts to 2.63 percent and the beta ratio has a value of 1.53.
Corning Incorporated (NYSE:GLW) has dropped 1.51% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.39% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.69% during the past week but Corning Incorporated (NYSE:GLW) has outperformed the index in 4 weeks by 3.76%.
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
Immunomedics, Inc. (NASDAQ:IMMU)‘s shares surged 0.66% to $3.07. The last trading range of Immunomedics, Inc. (NASDAQ:IMMU) ranges between $2.99 and $3.13. The EPS of the company stands at $-0.54. The 52-week range shows that the stock reached higher at $5.48 while its lower range is $1.50 in the last 52-weeks. The average volume of the company is at 682,593 with the Outstanding Shares of 94.64 million. The market capitalization of the company is $290.54 billion. The Beta of the company stands at 1.10 with the RSI (Relative Strength Index) of 51.44.
Immunomedics, Inc., a clinical-stage biopharmaceutical company, focuses on the development of monoclonal antibody-based products for the targeted treatment of cancer, autoimmune, and other diseases. The company is developing Yttrium-90-labeled clivatuzumab tetraxetan, which is in Phase III registration study used for the treatment of pancreatic cancer.
