In a filing, Oracle Corp. revealed its EVP, Chief Accounting Officer Smith Maria unloaded Company’s shares for reported $1.04 million on Sep 16 ’24. In the deal valued at $165.00 per share,6,320 shares were sold. As a result of this transaction, Smith Maria now holds 42,889 shares worth roughly $7.33 million.
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Then, Smith Maria bought 6,320 shares, generating $1,042,800 in total proceeds.
Before that, PANETTA LEON E sold 15,000 shares. Oracle Corp. shares valued at $2,068,350 were divested by the Director at a price of $137.89 per share. As a result of the transaction, PANETTA LEON E now holds 58,090 shares, worth roughly $9.93 million.
Melius upgraded its Oracle Corp. [ORCL] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in early September from “a Mkt perform” to “a Mkt outperform”. BMO Capital Markets also remained covering ORCL and reiterated its “Market perform” recommendation on September 10, 2024. BMO Capital Markets maintained its rating on June 17, 2024. It rated ORCL as “a Market perform”.
Price Performance Review of ORCL
On Friday, Oracle Corp. [NYSE:ORCL] saw its stock jump 2.40% to $170.86. Over the last five days, the stock has gained 1.26%. Oracle Corp. shares have risen nearly 62.06% since the year began. Nevertheless, the stocks have risen 59.56% over the past one year. While a 52-week high of $173.99 was reached on 09/16/24, a 52-week low of $99.26 was recorded on 01/03/24. SMA at 50 days reached $147.81, while 200 days put it at $127.97.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 169.05, which if violated will result in even more drops to 167.24. On the upside, there is a resistance level at 171.79. A further resistance level may holdings at 172.71. The Relative Strength Index (RSI) on the 14-day chart is 69.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.56%. Stochastics %K at 60.53% indicates the stock is a holding.
How much short interest is there in Oracle Corp.?
A steep rise in short interest was recorded in Oracle Corp. stocks on 2024-09-13, growing by 0.11 million shares to a total of 18.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.67 million shares. There was a rise of 0.56%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 18, 2024 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
