Oracle Corporation’s filing revealed that its EVP, Chief Accounting Officer Smith Maria unloaded Company’s shares for reported $0.42 million on Jul 07. In the deal valued at $115.00 per share,3,680 shares were sold. As a result of this transaction, Smith Maria now holds 16,600 shares worth roughly $ 2.06 million.
Then, Smith Maria sold 1,320 shares, generating $154,150 in total proceeds. Upon selling the shares at $116.78, the EVP, Chief Accounting Officer now owns 20,280 shares.
Before that, ELLISON LAWRENCE JOSEPH sold 1,750,000 shares. Oracle Corporation shares valued at $207,880,605 were divested by the Executive Chairman at a price of $118.79 per share. As a result of the transaction, ELLISON LAWRENCE JOSEPH now holds 1,145,732,353 shares, worth roughly $142.05 billion.
Barclays upgraded its Oracle Corporation [ORCL] rating to an Overweight from a an Equal weight in a research note published on Tuesday, September 05, 2023; the price target was increased to $150 from $126. PT values the company’s stock at a premium of 17.35 to its Tuesday closing price.
Price Performance Review of ORCL
On Tuesday, Oracle Corporation [NYSE:ORCL] saw its stock jump 2.52% to $123.98. On the same session, the stock had its day’s lowest price of $121.18, but rose to a high of $124.28. Over the last five days, the stock has gained 6.11%. Oracle Corporation shares have risen nearly 51.68% since the year began. Nevertheless, the stocks have risen 64.65% over the past one year. While a 52-week high of $127.54 was reached on 06/15/23, a 52-week low of $60.78 was recorded on 03/13/23. SMA at 50 days reached $116.85, while 200 days put it at $98.05. A total of 11.07 million shares were traded, compared to the trading of 6.19 million shares in the previous session.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 122.01, which if violated will result in even more drops to 120.05. On the upside, there is a resistance level at 125.11. A further resistance level may holdings at 126.25. The Relative Strength Index (RSI) on the 14-day chart is 66.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.47%. Stochastics %K at 92.09% indicates the stock is a selling.
How much short interest is there in Oracle Corporation?
A steep rise in short interest was recorded in Oracle Corporation stocks on Aug 14, 2023, dropping by -0.78 million shares to a total of 13.16 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 13.94 million shares. There was a decline of -5.93%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.84% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.85.
Oracle Corporation [ORCL] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 133,016,660 shares, or roughly 4.90% of the outstanding ORCL shares. In other words, the investor’s shares have risen by 1,462,285 from its previous 13-F filing of 131554375.0. Additionally, BlackRock Fund Advisors increased 3.69% of its stake after which the total value it holdings stand at $9,503,495,899, while SSgA Funds Management, Inc. added 1.48% of its stake to hold $7.45 billion in the firm. Over the last quarter, Fidelity Management & Research Co purchased 8,730,468 shares of Oracle Corporation, while Geode Capital Management LLC bought 1,355,636 shares. At present, JPMorgan Investment Management, I is holding 26,125,761 shares valued at $3.06 billion. Loomis, Sayles & Co. LP owned 19,969,497 shares of the company at the time of its most recent 13F filing, worth $2.34 billion.
According to FactSet, Oracle Corporation’s share price will average $132.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.63 percent from its previous closing price of $120.93. Analysts expect Oracle Corporation stock to reach the higher price of $150.00, while the lowest price estimate is $105.00. However, 32 analysts have rated ORCL stock as an Overweight in their predictions for 2023.