This Is What Whales Are Betting On Occidental Petroleum
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Occidental Petroleum (NYSE:OXY), as revealed by Benzinga's options scanner. The sentiment is split with 32% bullish and 57% bearish. The stock is currently trading at $51.16, down by 2.37%, and analysts have set an average target price of $69.67.
September 25, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Occidental Petroleum (NYSE:OXY) is experiencing bearish sentiment from large investors, with 57% of options trades being bearish. The stock is currently down 2.37% at $51.16, and analysts have set an average target price of $69.67.
The article highlights a significant bearish sentiment among large investors, with 57% of options trades being bearish. This suggests a potential short-term downward pressure on OXY's stock price. The current price is $51.16, down 2.37%, indicating a negative market reaction. Analysts' average target price is $69.67, which is higher than the current price, but the immediate sentiment is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100