Check Out What Whales Are Doing With OXY
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Occidental Petroleum (NYSE:OXY), with 66% of options activity being bearish. The options activity is unusual, with significant trades in both puts and calls, suggesting a potential price range of $45 to $67.5. Analysts have mixed ratings, with price targets ranging from $55 to $77.
October 23, 2024 | 6:31 pm
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Occidental Petroleum (OXY) is experiencing unusual options activity with a bearish sentiment from large investors. The stock is currently down 1.74% at $51.2. Analysts have mixed ratings, with price targets ranging from $55 to $77.
The significant bearish options activity suggests that large investors expect a decline in OXY's stock price. The stock is already down 1.74%, and the mixed analyst ratings with a wide range of price targets indicate uncertainty. The bearish sentiment from options traders is likely to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100