Oracle Corp.’s recently made public that its Director PANETTA LEON E unloaded Company’s shares for reported $2.07 million on Jul 18 ’24. In the deal valued at $137.89 per share,15,000 shares were sold. As a result of this transaction, PANETTA LEON E now holds 58,090 shares worth roughly $9.41 million.
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Then, ELLISON LAWRENCE JOSEPH sold 1,125,000 shares, generating $161,648,640 in total proceeds. Upon selling the shares at $143.69, the Executive Chairman now owns 1,145,732,353 shares.
Before that, ELLISON LAWRENCE JOSEPH sold 1,125,000 shares. Oracle Corp. shares valued at $160,401,270 were divested by the Executive Chairman at a price of $142.58 per share. As a result of the transaction, ELLISON LAWRENCE JOSEPH now holds 1,145,732,353 shares, worth roughly $185.64 billion.
JMP Securities upgraded its Oracle Corp. [ORCL] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Market perform”‘ rating for it. BMO Capital Markets also remained covering ORCL and reiterated its “Market perform” recommendation on June 17, 2024. Oppenheimer started covering the stock on April 18, 2024. It rated ORCL as “a Perform”.
Price Performance Review of ORCL
On Friday, Oracle Corp. [NYSE:ORCL] saw its stock jump 0.40% to $162.03. Over the last five days, the stock has gained 14.26%. Oracle Corp. shares have risen nearly 53.68% since the year began. Nevertheless, the stocks have risen 44.88% over the past one year. While a 52-week high of $162.34 was reached on 09/13/24, a 52-week low of $99.26 was recorded on 01/03/24. SMA at 50 days reached $139.92, while 200 days put it at $123.70.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 157.38, which if violated will result in even more drops to 152.72. On the upside, there is a resistance level at 170.31. A further resistance level may holdings at 178.59. The Relative Strength Index (RSI) on the 14-day chart is 78.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.15%. Stochastics %K at 83.31% indicates the stock is a selling.
How much short interest is there in Oracle Corp.?
A steep rise in short interest was recorded in Oracle Corp. stocks on 2024-08-30, growing by 2.04 million shares to a total of 17.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 15.55 million shares. There was a rise of 11.59%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 21, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $150 price target.
