Oracle Corporation (ORCL) : The total negative money flow of $5.84 million on Wednesday indicates selling on strength. The inflow of money on upticks was $52.06 million, compared to $57.9 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.9. The negative money flow of $1.75 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $11.44 million in a block trade.The transaction value of block trade on downtick was $9.68 million. The uptick to downtick ratio was 1.18. The price action in the Oracle Corporation (ORCL) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $41.36 with a gain of $0.28 , a change of 0.68% over the previous days close. The stock registered -0.98% for the week.
Also, Equity Analysts at the Brokerage Firm, BTIG Research, maintains their rating on the shares of Oracle Corporation (NYSE:ORCL). BTIG Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $47 per share from a prior target of $44. The rating by the firm was issued on July 14, 2016.
Oracle Corporation (NYSE:ORCL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.48 and $41.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.25, notching a gain of 0.41% for the day. The total traded volume was 11,409,678 . The stock had closed at $41.08 on the previous day.
The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 3.67%. In a related news,The director of Oracle Corp, Seligman Naomi O sold 25,000 shares at $40.74 on June 23, 2016. The Insider selling transaction had a total value worth of $1,018,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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