Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oracle Corp. shares valued at $2,068,350 were sold by PANETTA LEON E on Jul 18 ’24. At $137.89 per share, PANETTA LEON E sold 15,000 shares. The insider’s holdings dropped to 58,090 shares worth approximately $7.88 million following the completion of this transaction.
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Also, ELLISON LAWRENCE JOSEPH sold 1,125,000 shares, netting a total of over 161,648,640 in proceeds. Following the sale of shares at $143.69 each, the insider now holds 1,145,732,353 shares.
Before that, ELLISON LAWRENCE JOSEPH had sold 1,125,000 shares from its account. In a trade valued at $160,401,270, the Executive Chairman traded Oracle Corp. shares for $142.58 each. Upon closing the transaction, the insider’s holdings decreased to 1,125,000 shares, worth approximately $155.36 billion.
As published in a research note from BMO Capital Markets on June 17, 2024, Oracle Corp. [ORCL] has been retained to a Market perform and the price target has been revised to $160. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid April. As of March 21, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for ORCL. Earlier on March 14, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for ORCL stock which previously was a “a Hold”.
Analyzing ORCL Stock Performance
During the last five days, there has been a surge of approximately 7.70%. Over the course of the year, Oracle Corp. shares have jumped approximately 28.62%. Shares of the company reached a 52-week high of $146.59 on 07/15/24 and a 52-week low of $101.74 on 01/03/24. A 50-day SMA is recorded $136.98, while a 200-day SMA reached $120.37. Nevertheless, trading volume fell to 4.0 million shares from 4.32 million shares the previous day.
Support And Resistance Levels for Oracle Corp. (ORCL)
According to the 24-hour chart, there is a support level at 134.42, which, if violated, would cause prices to drop to 133.23. In the upper region, resistance lies at 136.38. The next price resistance is at 137.15. RSI (Relative Strength Index) is 50.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 37.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
