Occidental Petroleum Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish sentiment towards Occidental Petroleum (NYSE:OXY) through options trading. Analysis reveals 66% of traders are bullish, with significant trades in the $52.5 to $70.0 price range. Analysts have mixed ratings, with a consensus target price of $69.8.
June 06, 2024 | 3:30 pm
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Occidental Petroleum (NYSE:OXY) has seen a bullish sentiment in options trading, with 66% of traders optimistic. The stock is currently trading at $59.9, with analysts setting a consensus target price of $69.8.
The majority of options traders are bullish on OXY, indicating positive market sentiment. Analysts' mixed ratings but higher target prices suggest potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100