Shares of Oracle Corporation (NYSE:ORCL) Sees Large Outflow of Money

Oracle Corporation (NYSE:ORCL) : The value of composite uptick trades was $112.07 million, whereas, the value of composite downtick trades was $160.27 million. The uptick to downtick ratio stood at 0.7 with a negative money flow of ($48.2) Million during Wednesdays trading session. The block trades money flow was negative ($54.24 million).The uptick to the downtick ratio of 0.26 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $19.15 million. The transaction of the trades on downticks amounted to $73.4 million, which confirms investors selling on the strength of price. Oracle Corporation (NYSE:ORCL) gained 142 cents at $40.55, an increase of 3.63% over the previous days close.


In an insider trading activity, Seligman Naomi O, director of Oracle Corp, unloaded 25,000 shares at an average price of $40.74 on June 23, 2016. The total amount of the transaction was worth $1,018,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 28% of Oracle Corporation shares according to the proxy statements. Institutional Investors own 59.27% of Oracle Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -74.91%.

The company shares have dropped -2.76% from its 1 Year high price. On Mar 21, 2016, the shares registered one year high at $42.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $39.46 and the 200 Day Moving Average price is recorded at $38.34. Oracle Corporation (NYSE:ORCL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.76 and $39.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.55, notching a gain of 3.63% for the day. The total traded volume was 23,009,741 . The stock had closed at $39.13 on the previous day.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products, and services. The Companys 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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