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Why Oracle Rallied Yet Again Today

TheMotleyFool 
0 0 22.09.25
Why Oracle Rallied Yet Again Today: https://g.foolcdn.com/editorial/images/834575/gettyimages-1669453534.jpg
 

Shares of (NYSE: ORCL) were taking off again today, rising 6.7% on Monday.

After revealing a massive increase in its cloud business earlier this month, Oracle was yet again in the news today in several ways.

First, the company announced two co-CEO successors to current CEO Safra Catz, who announced she would be retiring soon. Second, Oracle appears to be on the brink of becoming a part owner of TikTok USA, per a pending deal between the U.S. and China.

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Source Fool.com

Oracle Corp. Stock

€152.86
0.570%
The Oracle Corp. stock is trending slightly upwards today, with an increase of €0.86 (0.570%) compared to yesterday's price.
With 99 Buy predictions and 2 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 230 € shows a very positive potential of 50.46% compared to the current price of 152.86 € for Oracle Corp..
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