Occidental Petroleum Unusual Options Activity For July 31
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 75% bearish. The whales have been targeting a price range from $50.0 to $80.0 for Occidental Petroleum over the last 3 months. The current price of OXY is up 1.25% at $62.85. Analysts from Susquehanna, Morgan Stanley, Raymond James, Stephens & Co., and Citigroup have maintained their ratings with varying price targets.
July 31, 2023 | 5:31 pm
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Occidental Petroleum has seen unusual options activity with a significant bearish sentiment. The stock price is currently up 1.25% at $62.85.
The unusual options activity indicates that a large investor is taking a bearish stance on Occidental Petroleum. This could potentially drive the stock price down in the short term. The current price is up, but the bearish sentiment could reverse this trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100