Occidental Petroleum Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A financial giant has made a bearish move on Occidental Petroleum (NYSE:OXY), with 61% of traders showing bearish tendencies. The company's options have been targeted for a price range from $30.0 to $67.5 over the last 3 months. The price of OXY is up 1.94% at $61.37. Stephens & Co. downgraded its action to Overweight with a price target of $74, while Susquehanna maintains a Positive rating with a target price of $78.
November 08, 2023 | 5:46 pm
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Bearish move on Occidental Petroleum (NYSE:OXY) by a financial giant. 61% traders bearish. Price range targeted from $30.0 to $67.5. Current price up 1.94% at $61.37.
The bearish move by a financial giant and the bearish tendencies of 61% of traders could potentially drive the price of OXY down in the short term. However, the current price is up 1.94% at $61.37, which indicates some positive sentiment in the market. The downgrade by Stephens & Co. and the maintained positive rating by Susquehanna could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100