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Stock Market & Financial Investment News

News Breaks
April 30, 2013
10:31 EDTOXYOccidental Petroleum edges up after analyst applauds CEO plan
Occidental Petroleum's stock is advancing slightly after the company announced that its current CEO, Steve Chazen, would remain in the position through the end of 2014. WHAT'S NEW: Occidental announced that Chazen would remain in the top spot until the end of 2014. In February, Occidental had said that it was initiating a search for a replacement for Chazen. The company indicated that investors had pushed the company to retain Chazen as CEO for an extended period. Chazen was promoted to CEO from COO in 2010. ANALYST REACTION: In a note to investors, Deutsche Bank analyst Paul Sankey wrote that Occidental's decision was "very positive." Sankey upgraded the stock to Buy from Hold, as he believes that the move clears the way for the company to "shrink to grow," i.e. spin off businesses. Spinning off businesses would facilitate major share buybacks and makes sense in the current high oil price environment, the analyst wrote. Sankey increased his price target on the stock to $112 from $90. TODAY'S PRICE ACTION: In mid-morning trading, Occidental gained 0.6% to $88.40.
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August 29, 2014
16:01 EDTOXYOptions Update; August 29, 2014
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12:49 EDTOXYStocks with increasing volume options volume
Stocks with increasing volume options volume: OXY HD RSH UTHR IRF TTWO CONN
11:07 EDTOXYHigh option volume stocks
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09:57 EDTOXYOccidental Petroleum September and January calls active
Occidental Petroleum November 110, 115 and January 115, 125 calls are active on total call volume of 72,000 contracts and 100 puts. September weekly and September call option implied volatility is at 13, October is at 15, November and January is at 17, ; compared to its 26-week average of 20 according to Track Data. Active call volume suggests traders taking positions for price movement.
09:37 EDTOXYActive equity options trading on open
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August 24, 2014
15:23 EDTOXYOccidental Petroleum in talks to sell $3B gas stake to Mubadala, Bloomberg says
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