Occidental Petroleum Corporation (OXY): Today's Featured Basic Materials Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Occidental Petroleum Corporation (OXY) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.4%. By the end of trading, Occidental Petroleum Corporation rose $1.16 (1.3%) to $90.82 on light volume. Throughout the day, 2,367,522 shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 3,507,300 shares. The stock ranged in a price between $89.54-$90.82 after having opened the day at $89.66 as compared to the previous trading day's close of $89.66. Other companies within the Basic Materials sector that increased today were: Harvest Natural Resources (HNR), up 26.5%, Midstates Petroleum (MPO), up 14.4%, Linn Energy (LINE), up 12.8% and LinnCo (LNCO), up 12.0%.
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