Occidental Petroleum Corp’s filing revealed 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 $8.21 billion.
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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 $12.59 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 fall -1.08% to $49.57. Over the last five days, the stock has lost -3.90%. Occidental Petroleum Corp shares have fallen nearly -16.98% since the year began. Nevertheless, the stocks have fallen -19.21% over the past one year. While a 52-week high of $71.18 was reached on 04/12/24, a 52-week low of $49.66 was recorded on 11/01/24. SMA at 50 days reached $52.82, while 200 days put it at $59.50.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 49.19, which if violated will result in even more drops to 48.81. On the upside, there is a resistance level at 50.27. A further resistance level may holdings at 50.98. The Relative Strength Index (RSI) on the 14-day chart is 33.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.11%. Stochastics %K at 5.30% 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.
