Freeport-McMoRan (FCX) Strategic Move; Vera Bradley (VRA) Profit Exceeds Forecasts


Shares of Freeport-McMoRan Inc. (NYSE:FCX) climbed more than 10% in early trading Wednesday as the company said that it will implement several actions to strengthen its financial position during the current market conditions

FCX stock is currently trading at $7.39, up $0.65 (or +9.64%), and 23,703,439 shares of the company exchanged hands so far

Freeport-McMoRan, a natural resources company, has 1.16B Shares Outstanding and FCX stock 52-week range is between $6.63 and $25.01 per share



Vera Bradley, Inc. (Nasdaq:VRA) shares soared on Wednesday’s trading session after the company delivered stronger-than-expected quarterly financial results.

For its third quarter fiscal 2016, Vera Bradley posted revenues of $126.7 million, a 1.2% increase year-over-year, and net income of $10.3 million, or $0.27 per diluted share, compared to net income of $8.7 million, or $0.21 per diluted share in the same quarter the prior year, surpassing the Capital IQ Consensus Estimate of $0.20 earnings per share on revenuues of $121.14 million for the period

VRA stock is currently exchanging hands for about $15.59, up $3.90 (or +33.37%), and 2,750,429 of its shares were traded so far, representing a large increase in activity versus its average volume (3m) of 359,073

Vera Bradley, a leading designer, producer, marketer and retailer of stylish and highly-functional accessories for women, has 37.97M Shares Outstanding and VRA stock one-year range is from $9.21 to $23.44 per share


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