The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $8.07 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 $10.93 million.
As published in their initiating research note from RBC Capital Mkts on October 23, 2024, Oracle Corp [ORCL] has been a Sector perform and the price target has been revised to $165. Analysts at Melius upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of September 10, 2024, JMP Securities has increased its “Mkt perform” rating to a “Mkt outperform” for ORCL. Earlier on September 10, 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 drop of approximately -1.15%. Over the course of the year, Oracle Corp shares have jumped approximately 78.50%. Shares of the company reached a 52-week high of $196.04 on 11/21/24 and a 52-week low of $101.74 on 01/03/24. A 50-day SMA is recorded $178.19, while a 200-day SMA reached $142.75. Nevertheless, trading volume fell to 8.89 million shares from 0.3 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 186.13, which, if violated, would cause prices to drop to 184.07. In the upper region, resistance lies at 190.02. The next price resistance is at 191.85. RSI (Relative Strength Index) is 56.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.93, which suggests the price will decrease in the coming days. Percent R is at 46.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
