Oracle Corp’s recent filing unveils 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 $8.13 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 $11.01 million.
RBC Capital Mkts initiated its Oracle Corp [ORCL] rating to a Sector perform in a research note published on October 23, 2024; the price target was $165. A number of analysts have revised their coverage, including Melius’s analysts, who increased its forecast for the stock in mid September from “a Hold” to “a Buy”. JMP Securities also remained covering ORCL and has increased its forecast on September 10, 2024 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. BMO Capital Markets maintained its rating on September 10, 2024. It rated ORCL as “a Market perform”.
Price Performance Review of ORCL
On Tuesday, Oracle Corp [NYSE:ORCL] saw its stock jump 0.24% to $189.58. Over the last five days, the stock has gained 10.36%. Oracle Corp shares have risen nearly 79.82% since the year began. Nevertheless, the stocks have risen 67.67% over the past one year. While a 52-week high of $191.50 was reached on 11/11/24, a 52-week low of $99.26 was recorded on 01/03/24. SMA at 50 days reached $169.44, while 200 days put it at $137.28.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 187.65, which if violated will result in even more drops to 185.72. On the upside, there is a resistance level at 191.06. A further resistance level may holdings at 192.54. The Relative Strength Index (RSI) on the 14-day chart is 73.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.97%. Stochastics %K at 92.73% 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 2024-10-31, growing by 1.74 million shares to a total of 18.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.96 million shares. There was a rise of 9.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 17, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $160.
