Occidental Petroleum's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Occidental Petroleum (NYSE:OXY), as observed through options trading. Benzinga's options scanner identified 20 unusual options trades, with 70% being bearish. The price target for OXY is between $30.0 and $67.5. Analysts have mixed ratings, with an average target price of $62.4.
October 18, 2024 | 4:30 pm
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Occidental Petroleum (NYSE:OXY) has seen a significant amount of bearish options trading, with 70% of trades being bearish. The price target is between $30.0 and $67.5, and analysts have mixed ratings with an average target price of $62.4.
The article highlights a significant bearish sentiment among large investors in Occidental Petroleum, as evidenced by the options trading data. With 70% of the options trades being bearish, it suggests a negative outlook in the short term. Additionally, the mixed analyst ratings and the average target price of $62.4 indicate uncertainty about the stock's future performance.
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IMPORTANCE 80
RELEVANCE 100