Don't Follow Buffet's Move on Occidental Petroleum: Here's Why
Today’s Buffet -driven rally has Occidental Petroleum shares trading at $47.50. The stock’s 50- and 200-day moving averages are overhead in a bearish pattern. This suggests that OXY is likely to shake-off this one-day price pop and maintain its move lower.
Occidental Petroleum Stock Pops on Buffett Stake
Shares of Occidental Petroleum Corp (NYSE:OXY) are up 4.4% at $47.36 at last glance, after Warren Buffett's Berkshire Hathaway (BRK) bought an addition 8.9 million shares in the energy producer. This is just one of the conglomerate's moves to buy stocks on the dip after the recent selloff, and Occidental is Berkshire's sixth-largest equity holding.
Warren Buffett went on bit of a shopping spree in the stock market before Christmas, picking up shares of Occidental ...
The Berkshire Hathaway CEO spent more than $400 million on Occidental Petroleum shares, which just hit a nearly three-year ...
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Warren Buffett Surprises With 3 Huge Insider BuysMuch attention has been paid lately to the fact that Warren Buffett has been trimming ... After scooping up a lot of ...
Billionaire Warren Buffett just poured more than half a billion dollars into three assets. After dumping huge positions in ...
Billionaire Warren Buffett 's investment firm went on a buying spree this week, sweeping up shares of Occidental Petroleum, Sirius XM Holdings, and VeriSign, Barron's reported, citing filings with the ...
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Warren Buffett Is Buying Again - But There's A Big Catch This TimeThis post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions ...
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