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 $8.35 billion.
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 $12.8 billion.
Price Performance Review of OXY
On Monday, Occidental Petroleum Corp [NYSE:OXY] saw its stock fall -0.32% to $50.42. Over the last five days, the stock has lost -2.91%. Occidental Petroleum Corp shares have fallen nearly -15.56% since the year began. Nevertheless, the stocks have fallen -14.76% 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 $51.64, while 200 days put it at $58.80.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 49.92, which if violated will result in even more drops to 49.43. On the upside, there is a resistance level at 50.94. A further resistance level may holdings at 51.47. The Relative Strength Index (RSI) on the 14-day chart is 46.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.45%. Stochastics %K at 52.06% 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 2024-11-15, dropping by -0.81 million shares to a total of 32.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 33.75 million shares. There was a decline of -2.45%, which implies that there is a negative sentiment for the stock.
