Occidental Petroleum Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Occidental Petroleum (NYSE:OXY) is experiencing significant bearish sentiment from large investors, as revealed by Benzinga's options scanner. The options activity shows a majority of bearish positions, with a predicted price range of $30 to $60. The stock is currently trading at $51.05, down 1.74%, and analysts have mixed ratings with a consensus target price of $71.
September 10, 2024 | 5:15 pm
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Occidental Petroleum is facing bearish sentiment from large investors, as indicated by options trading data. The stock is currently down 1.74% at $51.05, with a predicted price range of $30 to $60. Analysts have mixed ratings, with a consensus target price of $71.
The significant bearish sentiment from large investors, as shown by the options trading data, suggests a potential downward pressure on OXY's stock price. The current trading price is $51.05, and the predicted range is $30-$60, indicating a possible decline. Analysts' mixed ratings add to the uncertainty, although the consensus target price is higher at $71.
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