Occidental Petroleum Corp’s recent filing unveils 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 $13.34 billion.
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 $13.02 billion.
Price Performance Review of OXY
On Friday, Occidental Petroleum Corp [NYSE:OXY] saw its stock jump 1.41% to $50.51. Over the last five days, the stock has gained 4.79%. Occidental Petroleum Corp shares have risen nearly 2.23% since the year began. Nevertheless, the stocks have fallen -16.66% over the past one year. While a 52-week high of $71.18 was reached on 01/02/25, a 52-week low of $45.17 was recorded on 01/02/25. SMA at 50 days reached $49.56, while 200 days put it at $57.37.
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 49.34. On the upside, there is a resistance level at 50.82. A further resistance level may holdings at 51.14. The Relative Strength Index (RSI) on the 14-day chart is 61.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.48%. Stochastics %K at 90.22% indicates the stock is a selling.
How much short interest is there in Occidental Petroleum Corp?
A steep rise in short interest was recorded in Occidental Petroleum Corp stocks on 2024-12-13, growing by 2.64 million shares to a total of 35.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 32.94 million shares. There was a rise of 7.43%, which implies that there is a positive sentiment for the stock.
