{
  "id": 4129633,
  "title": "Freeport-McMoRan director Lydia Kennard sells $300,470 in stock",
  "url": "https://urgent.news/2026/08/29/freeport-mcmoran-director-lydia-kennard-sells-300-470-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T06:46:08.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/freeportmcmoran-director-lydia-kennard-sells-300470-in-stock-93CH-4881949"
  },
  "original_language": "en",
  "account": "Freeport-McMoRan executive Lydia H. Kennard divested 3,798 shares of the company's common stock on August 27, 2026, selling them at prices between $79.1000 and $79.1800 per share, for a total of $300,470. The stock, currently trading near its 52-week high of $80.24, saw the sale amid its strong 74% return over the past year. However, InvestingPro's analysis suggests the stock is overvalued relative to its Fair Value. Post-sale, Ms. Kennard holds 122,702 shares of Freeport-McMoRan common stock, including 2,800 Restricted Stock Units (RSUs). The company reported robust financials for Q2 2026, with adjusted earnings of $0.74 per share and revenue of $7.03 billion, exceeding Wall Street expectations. Despite this, market reactions were influenced by concerns over increased capital spending and project timeline adjustments. Erste Group started covering the company with a buy rating, citing declining copper and gold production volumes by 2026 due to changes in Indonesia, but praising stable molybdenum production as a positive element.",
  "summary": null,
  "key_points": [
    "Lydia Kennard sold 3,798 shares of Freeport-McMoRan stock on August 27, 2026.",
    "Sale price ranged from $79.1000 to $79.1800 per share, totaling $300,470.",
    "Post-sale, Kennard holds 122,702 shares and 2,800 RSUs in the company."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}