Occidental Petroleum Unusual Options Activity For August 04
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) with 39 uncommon options trades spotted. The sentiment of these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $47.5 to $85.0 for Occidental Petroleum over the last 3 months. The price of OXY is up 3.55% at $64.42. Citigroup downgraded its action to Neutral with a price target of $62, while Raymond James, Morgan Stanley, Susquehanna, and Stephens & Co. maintained their ratings with price targets of $75, $60, $72, and $69 respectively.
August 04, 2023 | 5:46 pm
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Occidental Petroleum has seen significant bullish options activity. The price of OXY is up 3.55% at $64.42. Analysts have mixed ratings with price targets ranging from $60 to $75.
The bullish options activity indicates that big-money traders are expecting the price of OXY to increase. This, combined with the current upward price movement and the mixed analyst ratings, suggests that the stock could see further gains in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100