Oracle Corp (ORCL) Files Form 4 Insider Selling : Michael J Boskin Sells 75,000 Shares

Oracle Corp (ORCL): Michael J Boskin , director of Oracle Corp sold 75,000 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $40.00 per share for a total value of $3,000,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Hector Garcia-molina (director) sold 3,750 shares at $38.65 per share price.On Apr 26, 2016, Thomas Kurian (President-Product Development) sold 179,267 shares at $41.25 per share price.Also, On Apr 13, 2016, Jeffrey Berg (director) sold 10,400 shares at $40.80 per share price.On Apr 4, 2016, John F Fowler (EVP, Systems) sold 14,971 shares at $40.92 per share price.

Oracle Corporation: On Monday, Jun 20, 2016 heightened volatility was witnessed in Oracle Corporation which led to swings in the share price. The shares opened for trading at $39.9 and hit $40.35 on the upside , eventually ending the session at $39.73, with a gain of 0.13% or 0.05 points. The heightened volatility saw the trading volume jump to 1,71,49,197 shares. The 52-week high of the share price is $42.06 and the company has a market cap of $164,874 M . The 52-week low of the share price is at $33.13.

Oracle Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Oracle Corporation is Initiated by Northland Capital to Outperform and the brokerage firm has set the Price Target at $50. The Rating was issued on Apr 20, 2016.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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