Why Oracle Rallied in September
Shares of database and cloud giant (NYSE: ORCL) rallied 24.4% in September, according to data from S&P Global Market Intelligence.
Oracle named two new co-CEOs to succeed current CEO Safra Katz, and the Donald Trump Administration also gave its approval to the general terms for Oracle to acquire part of TikTok U.S., and to also manage the app.
Normally, those would have been fairly consequential events, but they weren't really the reason for Oracle's September rise. While the CEO change was significant, Chairman Larry Ellison is still heavily involved in Oracle's operations and strategy.
Source Fool.com
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