Oracle Corp.’s recently made public that its Director CONRADES GEORGE H unloaded Company’s shares for reported $2.32 million on May 03 ’24. In the deal valued at $116.00 per share,20,000 shares were sold. As a result of this transaction, CONRADES GEORGE H now holds 17,836 shares worth roughly $2.1 million.
Then, CONRADES GEORGE H sold 25,000 shares, generating $2,903,190 in total proceeds. Upon selling the shares at $116.13, the Director now owns 17,836 shares.
Before that, CATZ SAFRA sold 810,000 shares. Oracle Corp. shares valued at $101,294,608 were divested by the Chief Executive Officer at a price of $125.06 per share. As a result of the transaction, CATZ SAFRA now holds 1,118,592 shares, worth roughly $131.92 million.
Oppenheimer initiated its Oracle Corp. [ORCL] rating to a Perform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Argus also remained covering ORCL and has increased its forecast on March 14, 2024 with a “Buy” recommendation from previously “Hold” rating. William Blair revised its rating on March 12, 2024. It rated ORCL as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ORCL
On Tuesday, Oracle Corp. [NYSE:ORCL] saw its stock fall -0.35% to $117.93. Over the last five days, the stock has gained 3.67%. Oracle Corp. shares have risen nearly 11.86% since the year began. Nevertheless, the stocks have risen 21.61% over the past one year. While a 52-week high of $132.77 was reached on 03/21/24, a 52-week low of $96.10 was recorded on 01/03/24. SMA at 50 days reached $119.91, while 200 days put it at $113.65. A total of 5.9 million shares were traded, compared to the trading of 6.05 million shares in the previous session.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 117.10, which if violated will result in even more drops to 116.28. On the upside, there is a resistance level at 118.94. A further resistance level may holdings at 119.96. The Relative Strength Index (RSI) on the 14-day chart is 49.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.91%. Stochastics %K at 60.76% indicates the stock is a holding.
The most recent change occurred on March 12, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $142.
