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 mix of bullish and bearish stances. Whales have been targeting a price range from $62.5 to $75.0 for the company over the last 3 months. The current price of OXY is down -1.17% at $63.23. Analysts from Mizuho maintain a Buy rating with a price target of $76, while Roth MKM downgraded to Neutral with a price target of $60, and UBS maintains a Neutral rating with a price target of $74.
October 11, 2023 | 7:46 pm
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Occidental Petroleum has seen unusual options activity, with a mix of bullish and bearish stances. The current price is down -1.17% at $63.23. Analysts have mixed ratings.
The unusual options activity indicates that investors are divided in their outlook for OXY, with some taking a bullish stance and others bearish. This could lead to increased volatility in the short term. The current price is down, which may reflect the bearish sentiment. However, analyst ratings are mixed, which could create uncertainty and impact the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100