Occidental Petroleum Unusual Options Activity For August 21
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 36% bullish and 63% bearish. The whales have been targeting a price range from $35.0 to $70.0 for Occidental Petroleum over the last 3 months. The current price of OXY is down -0.74% at $63.6. Analysts from UBS, Mizuho, Stephens & Co., Roth MKM, and Morgan Stanley have given their ratings and price targets on the stock.
August 21, 2023 | 4:30 pm
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NEGATIVE IMPACT
Occidental Petroleum has seen unusual options activity with a significant bearish stance taken by a large investor. The stock price is currently down -0.74% at $63.6.
The unusual options activity indicates that a large investor has taken a bearish stance on Occidental Petroleum. This could potentially drive the stock price down in the short term. The current price of the stock is already down -0.74%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100