Oracle Corporation (ORCL) has risen sharply, recording gains of 0.54% in the past 4 weeks. However, the stock has corrected -0.15% in the past 1 week, providing a good buying opportunity on dips. Oracle Corporation (ORCL) : Traders are bullish on Oracle Corporation (ORCL) as it has outperformed the S&P 500 by a wide margin of 0.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.51%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.31% and the fifty day Moving Average is 1.18%. Oracle Corporation is up 3.35% in the last three month period. Year-to-Date the stock performance stands at 14.26%.
Oracle Corporation (ORCL) : 21 investment research analysts covering Oracle Corporation (ORCL) have an average price target of $45.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $31 for the short term. Analysts expect the variance to be within $4.78 of the average price.
Oracle Corporation (NYSE:ORCL): stock turned positive on Friday. Though the stock opened at $41.11, the bulls momentum made the stock top out at $41.58 level for the day. The stock recorded a low of $41.065 and closed the trading day at $41.26, in the green by 0.39%. The total traded volume for the day was 9,228,217. The stock had closed at $41.1 in the previous days trading.
Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products, and services. The Companys offerings include Oracle database and middleware software, application software, cloud infrastructure, hardware systems including computer server, storage and networking products, and related services. It operates through various segments, including new software licenses and cloud software subscriptions, which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service, which provides deployment and management offerings; software license updates and product support, which includes support, enhancements and upgrades for Oracle software products; hardware systems products, which includes servers, storage, networking, virtualization software, operating systems and management software; hardware systems support, which provides software updates for software components, and services business, which offers consulting services