Oracle Corp.’s recent filing unveils that its Chief Executive Officer CATZ SAFRA unloaded Company’s shares for reported $101.29 million on Mar 27 ’24. In the deal valued at $125.06 per share,810,000 shares were sold. As a result of this transaction, CATZ SAFRA now holds 1,118,592 shares worth roughly $137.84 million.
Then, CATZ SAFRA sold 790,000 shares, generating $99,970,313 in total proceeds. Upon selling the shares at $126.54, the Chief Executive Officer now owns 1,118,592 shares.
Before that, CATZ SAFRA sold 1,150,000 shares. Oracle Corp. shares valued at $145,505,060 were divested by the Chief Executive Officer at a price of $126.53 per share. As a result of the transaction, CATZ SAFRA now holds 1,118,592 shares, worth roughly $137.84 million.
KeyBanc Capital Markets initiated its Oracle Corp. [ORCL] rating to an Overweight in a research note published on March 21, 2024; the price target was $150. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. William Blair also remained covering ORCL and has increased its forecast on March 12, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. BMO Capital Markets maintained its rating on March 12, 2024. It rated ORCL as “a Market perform”.
Price Performance Review of ORCL
On Tuesday, Oracle Corp. [NYSE:ORCL] saw its stock fall -0.90% to $123.23. Over the last five days, the stock has lost -0.89%. Oracle Corp. shares have risen nearly 16.88% since the year began. Nevertheless, the stocks have risen 28.47% over the past one year. While a 52-week high of $132.77 was reached on 03/21/24, a 52-week low of $93.20 was recorded on 01/03/24. SMA at 50 days reached $118.44, while 200 days put it at $113.65. A total of 5.56 million shares were traded, compared to the trading of 6.12 million shares in the previous session.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 121.40, which if violated will result in even more drops to 119.56. On the upside, there is a resistance level at 124.91. A further resistance level may holdings at 126.58. The Relative Strength Index (RSI) on the 14-day chart is 51.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.75%. Stochastics %K at 14.28% indicates the stock is a buying.
How much short interest is there in Oracle Corp.?
A steep rise in short interest was recorded in Oracle Corp. stocks on Mar 28, 2024, dropping by -1.41 million shares to a total of 12.96 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 14.37 million shares. There was a decline of -10.88%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.09.
The most recent change occurred on December 12, 2023 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $126.
