Occidental Petroleum Corp’s filing revealed that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $164.79 million on Dec 19 ’24. In the deal valued at $45.60 per share,3,614,015 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 264,178,414 shares worth roughly $12.64 billion.
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Then, BERKSHIRE HATHAWAY INC bought 2,805,513 shares, generating $129,777,124 in total proceeds. Upon buying the shares at $46.26, the 10% Owner now owns 260,564,399 shares.
Before that, BERKSHIRE HATHAWAY INC bought 2,477,362 shares. Occidental Petroleum Corp shares valued at $114,588,397 were divested by the 10% Owner at a price of $46.25 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 257,758,886 shares, worth roughly $12.33 billion.
Price Performance Review of OXY
On Monday, Occidental Petroleum Corp [NYSE:OXY] saw its stock jump 1.51% to $47.84. Over the last five days, the stock has gained 2.66%. Occidental Petroleum Corp shares have fallen nearly -19.88% since the year began. Nevertheless, the stocks have fallen -20.85% over the past one year. While a 52-week high of $71.18 was reached on 04/12/24, a 52-week low of $45.17 was recorded on 12/19/24. SMA at 50 days reached $49.98, while 200 days put it at $57.84.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 47.09, which if violated will result in even more drops to 46.35. On the upside, there is a resistance level at 48.29. A further resistance level may holdings at 48.75. The Relative Strength Index (RSI) on the 14-day chart is 45.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.14%. Stochastics %K at 29.47% 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 2024-11-29, dropping by -1.35 million shares to a total of 31.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 33.27 million shares. There was a decline of -4.24%, which implies that there is a negative sentiment for the stock.
