Oracle Corp.’s recently made public that 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 $7.54 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 $10.21 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 0.21% to $175.77. Over the last five days, the stock has gained 2.87%. Oracle Corp. shares have risen nearly 66.72% since the year began. Nevertheless, the stocks have risen 60.32% over the past one year. While a 52-week high of $178.61 was reached on 10/09/24, a 52-week low of $99.26 was recorded on 01/03/24. SMA at 50 days reached $151.49, while 200 days put it at $129.70.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 174.45, which if violated will result in even more drops to 173.12. On the upside, there is a resistance level at 177.05. A further resistance level may holdings at 178.32. The Relative Strength Index (RSI) on the 14-day chart is 69.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.33%. Stochastics %K at 85.57% 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 2024-09-30, dropping by -0.62 million shares to a total of 16.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.58 million shares. There was a decline of -3.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 18, 2024 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
