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Occidental Petroleum (OXY) Surges: Stock Moves 6% Higher
Occidental Petroleum Corporation (OXY - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $42.13 to $46.43 in the past one-month time frame.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Occidental Petroleum currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Occidental Petroleum Corporation Price
Occidental Petroleum Corporation price | Occidental Petroleum Corporation Quote
Investors interested in the Oils-Energy sector may consider Canadian Solar Inc. (CSIQ - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is OXY going up? Or down? Predict to see what others think:Up or Down
5 Stocks Set to Double
Zacks experts released their picks to gain +100% or more in 2020. One is a famous cutting-edge food company that is “hiding in plain sight.” Swamped with competitors and ignored by Wall Street, its stock price floundered. Now, suddenly, it acquired a company that gives it an advantage none of its peers have.
Today, see all 5 stocks with extreme growth potential >>