From Nasdaq, Inc.: 2024-05-15 14:48:21

Financial giants have shown bullish activity on Occidental Petroleum (NYSE:OXY) with 12 unusual trades identified. 50% of traders were bullish, with 25% showing bearish tendencies. The options traded included 8 puts valued at $442,857 and 4 calls valued at $493,465.

The predicted price range for Occidental Petroleum is $55.0 to $70.0 based on recent trading activity by significant investors.

Volume and open interest data can provide insights into the liquidity and interest for Occidental Petroleum’s options. The analysis covers whale trades within the $55.0 to $70.0 strike price range in the last 30 days.

With a trading volume of 3,760,219, the price of OXY has increased by 0.03% to reach $63.08. Current RSI values suggest the stock may be nearing oversold territory. The next earnings report is expected in 77 days.

Experts have provided ratings on Occidental Petroleum, with an average target price of $74.0. Analysts from Wells Fargo and Mizuho have maintained their ratings, while Susquehanna and another analyst from Mizuho hold differing views on the stock.

Trading options involves risks but also potential profits. Educated traders use indicators and market knowledge to make informed decisions. Stay updated on Occidental Petroleum’s options trades with Benzinga Pro for real-time alerts.

Read more at Nasdaq: Looking At Occidental Petroleum’s Recent Unusual Options Activity