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Occidental Petroleum Corporation (OXY) Stock: What Does the Chart Say Thursday?

Thursday, June 09, 2022 09:57 AM | InvestorsObserver Analysts

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Occidental Petroleum Corporation (OXY) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been neutral on Occidental Petroleum Corporation (OXY) stock lately. OXY receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Occidental Petroleum Corporation has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on OXY!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With OXY Stock Today?

Occidental Petroleum Corporation (OXY) stock is trading at $67.31 as of 9:45 AM on Thursday, Jun 9, a drop of -$1.74, or -2.52% from the previous closing price of $69.05. The stock has traded between $67.19 and $68.84 so far today. Volume today is low. So far 991,439 shares have traded compared to average volume of 28,029,231 shares. To see InvestorsObserver's Sentiment Score for Occidental Petroleum Corporation click here.

More About Occidental Petroleum Corporation

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2021, the company reported net proved reserves of 3.5 billion barrels of oil equivalent. Net production averaged 1,174 thousand barrels of oil equivalent per day in 2021 at a ratio of 75% oil and natural gas liquids and 25% natural gas. Click Here to get the full Stock Report for Occidental Petroleum Corporation stock.

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