Occidental Petroleum Unusual Options Activity For July 21
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades range from $20.0 to $80.0 for Occidental Petroleum over the last 3 months. The current price of OXY is up 0.22% at $60.59. Analysts from Stephens & Co. and Morgan Stanley have maintained their Overweight and Equal-Weight ratings respectively, while Citigroup has downgraded its action to Neutral.
July 21, 2023 | 3:03 pm
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Occidental Petroleum has seen unusual options activity, with a split sentiment among traders. The stock price is up 0.22% at $60.59. Analyst ratings vary, with some maintaining their stance and others downgrading.
The unusual options activity indicates that there is significant interest in the stock, which could lead to increased volatility. The mixed analyst ratings suggest uncertainty about the company's future performance. The slight increase in stock price shows some positive momentum, but it's unclear if this will continue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100