Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Oracle Corp. shares valued at $1,042,800 were sold by Smith Maria on Sep 16 ’24. At $165.00 per share, Smith Maria sold 6,320 shares. The insider’s holdings dropped to 42,889 shares worth approximately $7.19 million following the completion of this transaction.
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Also, Smith Maria purchased 6,320 shares, netting a total of over 1,042,800 in proceeds.
Before that, PANETTA LEON E had sold 15,000 shares from its account. In a trade valued at $2,068,350, the Director traded Oracle Corp. shares for $137.89 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $9.74 million.
As published in a research note from Melius on September 16, 2024, Oracle Corp. [ORCL] has been rated up from a Hold to a Buy and the price target has been revised to $210. Analysts at JMP Securities upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Mkt outperform”‘ outlook in a report released in early September. As of September 10, 2024, BMO Capital Markets has reiterated its “Market perform” rating for ORCL. Earlier on June 17, 2024, BMO Capital Markets resumed its rating. Their recommendation was “a Market perform” for ORCL stock.
Analyzing ORCL Stock Performance
During the last five days, there has been a surge of approximately 3.85%. Over the course of the year, Oracle Corp. shares have jumped approximately 58.96%. Shares of the company reached a 52-week high of $173.99 on 09/16/24 and a 52-week low of $101.74 on 01/03/24. A 50-day SMA is recorded $141.87, while a 200-day SMA reached $124.72. Nevertheless, trading volume fell to 10.0 million shares from 12.27 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 165.35, which, if violated, would cause prices to drop to 163.10. In the upper region, resistance lies at 169.00. The next price resistance is at 170.40. RSI (Relative Strength Index) is 73.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.80, which suggests the price will increase in the coming days. Percent R is at 17.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
