Up 4.72%. Not a bad day....
Nothing for nothing but CNBC just reported that Freeport McMoran was soaring in trading today. And indeed it is up 4.72% from a closing level of $6.75 yesterday to the current price of $7.07. Great day....
How about the year?
The close at the end of 2014 was $23.36. That decline is about 70% on the year.
If the price of the stock were to go from $6.75 to $13.50 in 2016, they would be saying the stock price increased 100%. What a gain! The CEO would be paid. The hedge fund will show a great return, but the long term investor is still down about $10 from the beginning of the 2015.
Oh what they can do with the numbers....
