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Occidental Petroleum Drops 2.41% in $886 Million Trading Day Ranking 87th
Generated by AI AgentAinvest Volume Radar
Monday, Jun 16, 2025 8:00 pm ET1min read
On June 16, 2025,
(OXY) experienced a trading volume of $886 million, ranking 87th in the day's stock market activity. The stock closed with a 2.41% decline.On June 16, 2025, Occidental Petroleum saw active options trading, with a total of 165,800 options traded throughout the day. This included a significant number of put options, indicating heightened market interest in potential downside movements.
On June 12, 2025, when Occidental Petroleum was trading at $44.70, a put option with a strike price of $55.00 expiring on June 20, 2025, saw 5,200 contracts traded. This activity suggests that investors were positioning themselves for potential declines in the stock price.
Recent geopolitical tensions in the Middle East, particularly the Israeli airstrike on Iran, have caused oil prices to surge, which in turn has impacted the broader stock market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experienced declines last week, with the S&P 500 falling 0.6%, the Nasdaq Composite sliding 1%, and the Dow Jones Industrial Average dropping 1.3%. Investors are closely monitoring the situation, as further escalations could push oil prices even higher and weigh on inflation.
On June 16, 2025, Occidental Petroleum, along with other energy companies, closed down more than 2%. This decline was attributed to the broader market sentiment influenced by geopolitical tensions and the potential impact on oil prices.
Stephens lowered their price target on Occidental Petroleum from $60.00 to $58.00 and maintained an "overweight" rating on the stock in a research note on Tuesday. This adjustment reflects the firm's updated outlook on the company's performance and market conditions.
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