Shares of Oracle Corporation (ORCL) Sees Large Outflow of Money

Oracle Corporation (ORCL) : Money flow in the Oracle Corporation (ORCL) stock was negative (2.6 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $28.67 million, compared to $31.27 million on downticks. The total uptick to downtick ratio was 0.92, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($4.66 million), indicating selling on the strength. The transaction value during uptick in block trades was $8.28 million. Downtick transaction value in block trades amounted to $12.94 million, indicating persistent selling. The uptick to downtick ratio was 0.64. Oracle Corporation (ORCL) traded $0.15 higher at $41.61 gaining 0.36% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 5.21%.

Oracle Corporation (NYSE:ORCL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.57 and $41.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.67, notching a gain of 0.51% for the day. The total traded volume was 9,259,846 . The stock had closed at $41.46 on the previous day.

In an insider trading activity, The director, of Oracle Corp, Seligman Naomi O had unloaded 25,000 shares at $40.74 per share in a transaction on June 23, 2016. The total value of transaction was $1,018,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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

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