Occidental Petroleum Unusual Options Activity For September 26
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a split sentiment of 50% bullish and 50% bearish. The options trades have targeted a price range from $42.5 to $75.0 for Occidental Petroleum over the last 3 months. Roth MKM has downgraded its action to Neutral with a price target of $60, while Mizuho maintains a Buy rating with a price target of $76.
September 26, 2023 | 2:16 pm
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NEUTRAL IMPACT
Occidental Petroleum has seen unusual options activity, with a split sentiment. The price targets range from $42.5 to $75.0. Roth MKM downgraded its action to Neutral with a price target of $60, while Mizuho maintains a Buy rating with a price target of $76.
The unusual options activity indicates that there is significant interest in the stock, which could lead to increased volatility. The split sentiment suggests uncertainty about the stock's direction. The price targets from Roth MKM and Mizuho suggest a potential range for the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100