Oracle Corporation (ORCL) : Traders are bullish on Oracle Corporation (ORCL) as it has outperformed the S&P 500 by a wide margin of 0.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.56% in the last 1 week, and is up 0.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Oracle Corporation is up 5.23% in the last 3-month period. Year-to-Date the stock performance stands at 14.42%. The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 1.99%.
Oracle Corporation (NYSE:ORCL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.04 and $41.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.32, notching a gain of 0.44% for the day. The total traded volume was 9,109,870 . The stock had closed at $41.14 on the previous day.
Also, Atlantic Equities downgrades their rating on the shares of Oracle Corporation (NYSE:ORCL). The current rating of the shares is Neutral. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on July 19, 2016.
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