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

Oracle Corporation (ORCL) : Money flow in the Oracle Corporation (ORCL) stock was negative (9.73 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 $56.89 million, compared to $66.62 million on downticks. The total uptick to downtick ratio was 0.85, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.51 million), indicating selling on the strength. The transaction value during uptick in block trades was $7.29 million. Downtick transaction value in block trades amounted to $12.8 million, indicating persistent selling. The uptick to downtick ratio was 0.57. Oracle Corporation (ORCL) traded $0.01 higher at $40.54 gaining 0.02% over the previous days close.


Oracle Corporation (ORCL) : The most positive equity analysts on Oracle Corporation (ORCL) expects the shares to touch $52, whereas, the least positive believes that the stock will trade at $31 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $44.79 with an expected fluctuation of $5.34 from the mean. The stock has recorded a 20-day Moving Average of 2.67% and the 50-Day Moving Average is 2.53%.

Oracle Corporation (NYSE:ORCL): The stock was completely flat for the day, closing at $40.53 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $40.65, the stock touched an intraday high of $40.83 and a low of $40.42. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $40.53. The total trading volume on Thursday was 11,676,734.

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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