Why These 5 Stocks Are Getting Crushed on Wednesday

2. Occidental Petroleum Corporation (NYSE:OXY) is down over 1.2% as of 12:10 ET after the Houston, Texas-based oil and gas exploration and production (E&P) company made a regulatory filing after the closing bell yesterday, revealing that director Avedick Baruyr Poladian offloaded 20,000 shares for $57.23 per share. The stock price of Occidental Petroleum Corporation (NYSE:OXY) is also under pressure due to a decline in crude oil prices following a report by the EIA reflecting a higher than expected build-up in crude oil inventory. As of Q4 2021, Occidental Petroleum Corporation (NYSE:OXY) was held by 58 hedge funds.