Oracle, Day After
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The chairman, co-founder and chief technology officer of Oracle (ORCL) spoke during the software company's fourth-quarter earnings call. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 "Oracle’s future is bright in this new era of cloud computing,
Oracle stock hit an all-time high as it led S&P 500 gainers Thursday, a day after the tech giant's fiscal fourth-quarter results topped analysts' estimates.
Shares of tech giant Oracle (NYSE: ORCL) rallied another 7.8% on Friday, even as the broader Nasdaq Composite was down 1.3% on the day. The notable and divergent outperformance came after a series of sell-side analyst upgrades in the aftermath of Wednesday's blowout earnings report.
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Cryptopolitan on MSNOracle stock hits strongest gain since 2001Oracle’s share price surged by about 24% this week, marking its strongest performance since April 2001, as investors reacted positively because of strong earnings and a positive outlook for its cloud business.
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In the last five years, the stock has declined in 60% of occurrences, with a median drop of 4.4% and a maximum one-day decrease of 13.5%.
Oracle stock jumped 14% on Thursday to touch an all-time high of $202.44 after the company's fiscal fourth quarter results topped Wall Street's expectations.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Oracle has new presidents. One person said they are considered part of Larry Ellison's succession plan.