Looking At Occidental Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a roughly equal split between bullish and bearish expectations. The trades include 4 puts totaling $204,060 and 10 calls totaling $1,258,755. Whales have been targeting a price range from $42.0 to $62.5 for Occidental Petroleum over the last 3 months. Piper Sandler maintains a Neutral rating on the company with a price target of $62, while Stephens & Co. has downgraded its action to Overweight with a price target of $72.
July 10, 2023 | 6:05 pm
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Occidental Petroleum has seen significant unusual options activity, with a split between bullish and bearish expectations. Analysts have mixed views, with Piper Sandler maintaining a Neutral rating and a price target of $62, while Stephens & Co. has downgraded its action to Overweight with a price target of $72.
The unusual options activity indicates increased interest and potential volatility in Occidental Petroleum's stock. The mixed analyst ratings suggest uncertainty about the company's future performance. These factors could lead to short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100