This Is What Whales Are Betting On Occidental Petroleum
Portfolio Pulse from Benzinga Insights
A large bearish position on Occidental Petroleum (NYSE:OXY) has been observed, with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $49.0 to $70.0 for OXY over the last 3 months.
May 31, 2023 | 5:17 pm
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A large bearish position has been observed in Occidental Petroleum (NYSE:OXY), with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $49.0 to $70.0 for OXY over the last 3 months.
The large bearish position observed in Occidental Petroleum indicates that big-money traders expect the stock price to decline in the short term. With 69% of these traders showing bearish sentiment, it is likely that the stock price will be negatively impacted. Additionally, the targeted price range of $49.0 to $70.0 suggests that there is potential for significant price movement.
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IMPORTANCE 80
RELEVANCE 100