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 $8.28 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 $12.69 billion.
Price Performance Review of OXY
On Friday, Occidental Petroleum Corp [NYSE:OXY] saw its stock fall -1.38% to $49.97. Over the last five days, the stock has lost -1.11%. Occidental Petroleum Corp shares have fallen nearly -16.31% 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 $48.42 was recorded on 11/13/24. SMA at 50 days reached $51.80, while 200 days put it at $59.15.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 49.59, which if violated will result in even more drops to 49.20. On the upside, there is a resistance level at 50.48. A further resistance level may holdings at 50.98. The Relative Strength Index (RSI) on the 14-day chart is 41.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.05%. Stochastics %K at 58.00% indicates the stock is a holding.
How much short interest is there in Occidental Petroleum Corp?
A steep rise in short interest was recorded in Occidental Petroleum Corp stocks on 2024-10-31, dropping by -0.51 million shares to a total of 33.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 33.78 million shares. There was a decline of -1.54%, which implies that there is a negative sentiment for the stock.
