Occidental Petroleum Corp.’s recent filing unveils that its 10% Owner OCCIDENTAL PETROLEUM CORP /DE/ unloaded Company’s shares for reported $697.12 million on Aug 14 ’24. In the deal valued at $35.75 per share,19,500,000 shares were sold. As a result of this transaction, OCCIDENTAL PETROLEUM CORP /DE/ now holds 165,681,578 shares worth roughly $8.55 billion.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares, generating $697,125,000 in total proceeds. Upon selling the shares at $35.75, the 10% Owner now owns 165,681,578 shares.
Before that, BERKSHIRE HATHAWAY INC bought 1,552,497 shares. Occidental Petroleum Corp. shares valued at $92,789,485 were divested by the 10% Owner at a price of $59.77 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 253,886,410 shares, worth roughly $13.1 billion.
Truist revised its rating on May 16, 2024. It rated OXY as “a Hold” which previously was an “a Buy”.
Price Performance Review of OXY
On Friday, Occidental Petroleum Corp. [NYSE:OXY] saw its stock jump 0.45% to $51.58. Over the last five days, the stock has lost -0.15%. Occidental Petroleum Corp. shares have fallen nearly -13.62% since the year began. Nevertheless, the stocks have fallen -18.48% over the past one year. While a 52-week high of $71.18 was reached on 04/12/24, a 52-week low of $49.75 was recorded on 09/26/24. SMA at 50 days reached $53.48, while 200 days put it at $59.67.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 51.24, which if violated will result in even more drops to 50.89. On the upside, there is a resistance level at 51.88. A further resistance level may holdings at 52.18. The Relative Strength Index (RSI) on the 14-day chart is 42.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.09%. Stochastics %K at 7.05% indicates the stock is a buying.
How much short interest is there in Occidental Petroleum Corp.?
A steep rise in short interest was recorded in Occidental Petroleum Corp. stocks on 2024-10-15, growing by 2.82 million shares to a total of 33.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 30.93 million shares. There was a rise of 8.37%, which implies that there is a positive sentiment for the stock.
