Occidental Petroleum Corp WT (NYSE:OXY.W) Trading Down 2.3% – What’s Next?

Shares of Occidental Petroleum Corp WT (NYSE:OXY.W) were down 2.3% during mid-day trading on Friday . The stock traded as low as $34.57 and last traded at $34.96. Approximately 36,365 shares were traded during trading, a decline of 73% from the average daily volume of 134,776 shares. The stock had previously closed at $35.78.

Occidental Petroleum Corp WT Stock Performance

The company’s 50 day moving average price is $33.99 and its 200-day moving average price is $25.15.

About Occidental Petroleum Corp WT

Occidental Petroleum Corporation WT (NYSE: OXY.W) comprises publicly traded warrants issued by Occidental Petroleum Corporation. These derivative instruments grant holders the right, subject to the terms of the warrant agreement, to purchase shares of Occidental Petroleum’s common stock at a predetermined exercise price during specified exercise windows. The warrants trade separately on the New York Stock Exchange and carry a multi-year term before expiration.

Occidental Petroleum Corporation is a global exploration and production company focused on the acquisition, development and production of oil and natural gas reserves.