Workflow
This Warren Buffett stock just traded ‘below the danger zone'
OXYOXY(OXY) Finbold·2024-12-05 10:44

Occidental Petroleum (NYSE: OXY), part of Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) portfolio, has extended losses to levels not seen in over two years.At the end of the December 4 trading session, OXY was valued at $48.90, down 2.98% for the day, marking the stock’s lowest close since March 2022 and a breach of the ‘danger zone.’The zone lies below the crucial $49 to $50 range, which has been a key support for the energy company since early 2022.  This support was key by anchoring Occidental Petrol ...