The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Occidental Petroleum Corp shares valued at $164,787,626 were purchased by BERKSHIRE HATHAWAY INC on Dec 19 ’24. At $45.60 per share, BERKSHIRE HATHAWAY INC acquired 3,614,015 shares. The insider’s holdings grew to 264,178,414 shares worth approximately $13.05 billion following the completion of this transaction.
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Also, BERKSHIRE HATHAWAY INC purchased 2,805,513 shares, netting a total of over 129,777,124 in proceeds. Following the buying of shares at $46.26 each, the insider now holds 260,564,399 shares.
Before that, BERKSHIRE HATHAWAY INC had added 2,477,362 shares to its account. In a trade valued at $114,588,397, the 10% Owner bought Occidental Petroleum Corp shares for $46.25 each. Upon closing the transaction, the insider’s holdings increased to 2,477,362 shares, worth approximately $12.74 billion.
Analyzing OXY Stock Performance
During the last five days, there has been a surge of approximately 3.28%. Over the course of the year, Occidental Petroleum Corp shares have dropped approximately -17.25%. Shares of the company reached a 52-week high of $71.18 on 04/12/24 and a 52-week low of $45.17 on 12/19/24. A 50-day SMA is recorded $49.63, while a 200-day SMA reached $57.50. Nevertheless, trading volume fell to 10.51 million shares from 11.63 million shares the previous day.
Support And Resistance Levels for Occidental Petroleum Corp (OXY)
According to the 24-hour chart, there is a support level at 48.70, which, if violated, would cause prices to drop to 47.99. In the upper region, resistance lies at 49.90. The next price resistance is at 50.39. RSI (Relative Strength Index) is 55.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.20, which suggests the price will increase in the coming days. Percent R is at 5.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
