Shares of Occidental Petroleum Corporation (OXY) Sees Large Inflow of Net Money Flow

Occidental Petroleum Corporation (OXY) : $51.73 million worth of transactions were on upticks in Occidental Petroleum Corporation (OXY), compared to $31.36 million on downticks. The ratio between the two was 1.65, whereas, the net money flow stood at a healthy $20.37 million on Mondays session.The block trades show a bullish bias with only $3.6 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $20.69million worth of trades. The up-down ratio between the uptick and downtick was 5.75, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $17.09 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.71%. The stock was trading at $76.77, with a drop of $0.55 over the previous days close. The stock recorded 0.84% for the week.


Occidental Petroleum Corporation is up 5.77% in the last 3-month period. Year-to-Date the stock performance stands at 15.9%. Shares of Occidental Petroleum Corporation rose by 0.75% in the last five trading days and 3.12% for the last 4 weeks. In a related news,The director of Occidental Petroleum Corp /De/, Chazen Stephen I sold 5,000 shares at $77.21 on July 12, 2016. The Insider selling transaction had a total value worth of $386,050. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Occidental Petroleum Corporation (NYSE:OXY): On Mondays trading session , Opening price of the stock was $77.01 with an intraday high of $77.13. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $76.53. However, the stock managed to close at $76.77, a loss of 0.71% for the day. On the previous day, the stock had closed at $77.32. The total traded volume of the day was 2,779,439 shares.

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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