Occidental Petroleum Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Occidental Petroleum (NYSE:OXY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $20.0 to $75.0 for Occidental Petroleum over the last 3 months. Citigroup and Stephens & Co. have downgraded their actions on OXY with price targets of $62 and $72 respectively.
July 14, 2023 | 6:47 pm
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A large investor has taken a bearish stance on Occidental Petroleum (NYSE:OXY), with the sentiment among big-money traders being more bearish than bullish. Citigroup and Stephens & Co. have downgraded their actions on OXY.
The bearish stance taken by a large investor, as seen in the unusual options activity, indicates a potential negative impact on the stock price of Occidental Petroleum. Additionally, the downgrades by Citigroup and Stephens & Co. could further negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100