real-time news and commentary for investors
Tuesday, Aug 6
Strong insider buying at XME and components Freeport McMoRan, Alcoa
- Forbes finds the underlying holdings of the SPDR S&P Metals and Mining ETF (XME) show an impressive 20.1% of holdings on a weighted basis have enjoyed insider buying within the past six months.
- Officers and directors of Freeport McMoRan (FCX), including the chairman and vice chairman, purchased more than 3.6M shares since June; FCX comprises ~3% of XME.
- Alcoa (AA), which also makes up ~3% of XME, shows two directors and officers purchasing shares.