Shares of Occidental Petroleum Corporation (NYSE:OXY) Sees Large Outflow of Money

Occidental Petroleum Corporation (NYSE:OXY) During the most recent session, the shares traded at 0.04 points or 0.05% higher at $76.14. The money flow data is unimpressive with the net money flow value of $(-1.23) million. As per the intraday data, the upticks measured $4.49 million and the downticks measured $5.72 million. As a result, the up/down ratio registered a value of 0.79. The shares have seen 1.59% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $1.43 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-1.43) million.


The stock has recorded a 20-day Moving Average of 2.76% and the 50-Day Moving Average is 3.35%. The company shares have dropped 4.16% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $79.75 and one year low was seen on January 20, 2016 at $58.24. The 50-day moving average is $75.58 and the 200 day moving average is recorded at $70.29. S&P 500 has rallied 1.93% during the last 52-weeks.

Occidental Petroleum Corporation (NYSE:OXY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.31 and $75.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.16, notching a gain of 1.39% for the day. The total traded volume was 3,164,048 . The stock had closed at $76.10 on the previous day.

Currently the company Insiders own 0.35% of Occidental Petroleum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.07% . Institutional Investors own 81.45% of Occidental Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.98%. On the companys insider trading activities,The director of Occidental Petroleum Corp /De/, Chazen Stephen I sold 5,000 shares at $74.57 on June 14, 2016. The Insider selling transaction had a total value worth of $372,850. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company, through its subsidiaries and affliates, operates in the United States, Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream, marketing and other segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities.

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