Behind the Scenes of Occidental Petroleum's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Occidental Petroleum (NYSE:OXY) has seen significant bullish options activity, with 68% of trades being call options. This suggests investor optimism about the stock's future. Analysts have set an average price target of $73.33, with current stock price at $51.18. The next earnings report is expected in 50 days.
September 16, 2024 | 7:45 pm
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POSITIVE IMPACT
Occidental Petroleum has experienced a surge in bullish options activity, with 68% of trades being calls. This indicates investor optimism, with a price target range of $45 to $57.5. Analysts have set an average target price of $73.33.
The significant bullish options activity, with 68% of trades being calls, suggests investor optimism about Occidental Petroleum's future performance. Analysts' average price target of $73.33 further supports this positive outlook. The current stock price is $51.18, indicating potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100