Occidental Petroleum Unusual Options Activity For July 06
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $30.0 to $72.5 for Occidental Petroleum over the last 3 months. Stephens & Co. downgraded its action to Overweight with a price target of $72, while Piper Sandler maintained their Neutral rating with a price target of $62.
July 06, 2023 | 5:33 pm
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Occidental Petroleum has seen unusual options activity with a significant bullish stance. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The price targets range from $30.0 to $72.5.
The unusual options activity indicates that there is a significant interest in the stock, which could potentially drive the price up. The bullish sentiment among big-money traders further supports this. However, the bearish sentiment among some traders and the wide range of price targets suggest there may be some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100