Occidental Petroleum 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 bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $23.0 and $67.5. The current price of OXY is up 3.08% at $62.61. Analysts have mixed opinions, with ratings ranging from 'Overweight' to 'Neutral' and price targets between $60 and $75.
July 24, 2023 | 4:46 pm
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Occidental Petroleum has seen unusual options activity, with a bearish stance being taken by a majority of investors. The current price of OXY is up 3.08% at $62.61. Analysts have mixed opinions, with ratings ranging from 'Overweight' to 'Neutral' and price targets between $60 and $75.
The unusual options activity indicates that investors are taking a bearish stance on OXY, which could potentially lead to downward pressure on the stock. However, the current price is up and analysts have mixed opinions, which adds uncertainty to the short-term price direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100