Why Oracle Stock Is Soaring Today
Shares of Oracle (NYSE: ORCL) are on the move today. The firm's stock is up 5.7% as of 1 p.m. ET. The leg up comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.6% and 0.3%, respectively.
Oracle is benefiting from several executive orders signed by President Trump on his first day in office, especially the president's order to delay the ban of popular social media platform TikTok.
During his first term in office, President Trump led an effort to ban TikTok, claiming it posed a threat to national security. Now, as Trump takes office for a second time, he appears to have changed his mind, signing an executive order that gives the social media platform a 75-day reprieve.
Source Fool.com
Oracle Corp. Stock
€162.86
6.100%
The stock is one of the favorites of our community with 99 Buy predictions and 2 Sell predictions.
With a target price of 230 € there is a positive potential of 41.23% for Oracle Corp. compared to the current price of 162.86 €.
