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 $6.95 million.
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 $9.41 million.
Monness Crespi & Hardt downgraded its Oracle Corp [ORCL] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late October with a ‘”a Sector perform”‘ rating. Melius also remained covering ORCL and has increased its forecast on September 16, 2024 with a “Buy” recommendation from previously “Hold” rating. JMP Securities revised its rating on September 10, 2024. It rated ORCL as “a Mkt outperform” which previously was an “a Mkt perform”.
Price Performance Review of ORCL
On Tuesday, Oracle Corp [NYSE:ORCL] saw its stock fall -2.21% to $162.03. Over the last five days, the stock has lost -2.92%. Oracle Corp shares have fallen nearly -2.77% since the year began. Nevertheless, the stocks have risen 57.72% over the past one year. While a 52-week high of $198.31 was reached on 01/02/25, a 52-week low of $102.13 was recorded on 01/07/25. SMA at 50 days reached $178.21, while 200 days put it at $148.77.
Levels Of Support And Resistance For ORCL Stock
The 24-hour chart illustrates a support level at 160.18, which if violated will result in even more drops to 158.33. On the upside, there is a resistance level at 165.02. A further resistance level may holdings at 168.01. The Relative Strength Index (RSI) on the 14-day chart is 31.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.92%. Stochastics %K at 11.03% indicates the stock is a buying.
How much short interest is there in Oracle Corp?
A steep rise in short interest was recorded in Oracle Corp stocks on 2024-11-15, growing by 1.88 million shares to a total of 21.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 19.29 million shares. There was a rise of 8.89%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 10, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $173.
