Looking At Occidental Petroleum's Recent 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 $35.0 and $72.5. The current price of OXY is up 3.87% at $66.31. Analysts have mixed opinions, with downgrades to Neutral and Buy, and price targets ranging from $60 to $80.
September 12, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Occidental Petroleum has seen unusual options activity, with a bearish stance being taken by a majority of investors. The stock price is currently up, but analysts have mixed opinions on its future performance.
The unusual options activity indicates that investors are speculating on the future price of OXY, with a majority taking a bearish stance. This could potentially lead to increased volatility in the stock price. However, the current price is up and analysts have mixed opinions, making the short-term impact uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100