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 $13.09 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 $12.77 billion.
Price Performance Review of OXY
On Monday, Occidental Petroleum Corp [NYSE:OXY] saw its stock jump 0.55% to $49.56. Over the last five days, the stock has lost -4.64%. Occidental Petroleum Corp shares have risen nearly 0.30% since the year began. Nevertheless, the stocks have fallen -13.52% over the past one year. While a 52-week high of $71.18 was reached on 01/13/25, a 52-week low of $45.17 was recorded on 01/27/25. SMA at 50 days reached $49.70, while 200 days put it at $56.33.
Levels Of Support And Resistance For OXY Stock
The 24-hour chart illustrates a support level at 49.05, which if violated will result in even more drops to 48.55. On the upside, there is a resistance level at 50.04. A further resistance level may holdings at 50.52. The Relative Strength Index (RSI) on the 14-day chart is 45.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.19%. Stochastics %K at 12.09% indicates the stock is a buying.
How much short interest is there in Occidental Petroleum Corp?
A steep rise in short interest was recorded in Occidental Petroleum Corp stocks on 2024-12-31, growing by 6.67 million shares to a total of 38.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 31.92 million shares. There was a rise of 17.28%, which implies that there is a positive sentiment for the stock.
