Momentum Stocks in Concentration: Occidental Petroleum Corporation (NYSE:OXY), Vericel Corporation (NASDAQ:VCEL)


Occidental Petroleum Corporation (NYSE:OXY)

Occidental Petroleum Corporation (NYSE:OXY) represented a move of 1.49 percent or $0.72 per share and closed its previous day trading session at $71.32. 5.01 Million Shares were traded in the last trading session with an Average Volume of 5.16 Million Shares. The stock currently has a Market Capitalization of 54.34 Billion.

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. Occidental’s wholly owned subsidiary, OxyChem, is a major North American chemical manufacturer. Occidental is committed to respecting the environment, operating safely and upholding high standards of social responsibility throughout the company’s worldwide operations. Occidental strategy relies on increasing production through developing conventional and unconventional fields. Occidental is a worldwide leader in applying advanced technology to boost production from mature oil and natural gas fields and access hard-to-recover reserves.

The stock traded between $62.47 and $87.67 over 1-Year time period showing its price to sales ratio of 3.25. Occidental Petroleum Corporation (NYSE:OXY) is currently showing an INCREASING volatility over a period of 10-Days while the 20-Days Volatility showing a DECREASING trend.

Right now, the stock has a 50-Day Simple Moving Average of $-3.67 and 200-Day Simple Moving Average of $-6.89. Its Price to Free Cash Flow is 15.58 and Price to Book of 2.53.

Analyst’s recommended the stock as 2 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Occidental Petroleum Corporation (NYSE:OXY) reported its Actual EPS of $1.77/share. The analysts offering Earnings Estimates for the company were believing that Occidental Petroleum Corporation could bring EPS of $1.54/share. The difference between Actual EPS and Estimated EPS was 0.23 Percent. Thus showing an Earnings Surprise of 14.9 Percent.

Vericel Corporation (NASDAQ:VCEL)

In the last trading session, Vericel Corporation (NASDAQ:VCEL) added its value by 4.89% closing at the price of $18.44. The stock currently has market capitalization of 781.12 Million, with average volume of 1.07 Million shares.

Beta is also a factor of measure of the relative volatility of a particular stock to the market. Currently Vericel Corporation (NASDAQ:VCEL) is showing beta of 3.39. This particular value of beta suggests that Vericel Corporation (NASDAQ:VCEL) has historically moved 339% for every 100% move in the benchmark, based on price level.

EPS is another important factor while making the decision of buying, selling or holding of particular share. Currently EPS for Vericel Corporation (NASDAQ:VCEL) is at $-0.35.

The stock currently has RSI of 66.09. RSI is considered overbought when above 70 and oversold when below 30, currently the given RSI for the stock suggests that the stock is average and it has not entered in overbought or oversold territory.

Vericel Corporation is focused on developing patient-specific expanded cellular therapies for use in the treatment of patients with severe diseases and conditions. The company markets two autologous cell therapy products in the United States: Carticel (R) for the treatment of cartilage defects in the knee, and Epicel (R) for the treatment of severe burns. It is also developing MACI (TM) for the treatment of cartilage defects in the knee, and ixmyelocel-T for the treatment of advanced heart failure due to ischemic dilated cardiomyopathy. Vericel Corporation, formerly Aastrom Biosciences, Inc., is based in United States.

Vericel Corporation (NASDAQ:VCEL) topped its 52-week high price of $18.50 on 12/03/18 and 52-Week Low Price of $ 4.40 on 12/15/17. The Stock currently has P/E (price to earnings ttm) of 0 and Weekly volatility of 6.78% and monthly volatility of 6.72% respectively.