Why Oracle Stock Just Popped
(NYSE: ORCL) stock jumped 3% through 10:40 a.m. ET Monday after publication of an internal memo to employees from TikTok CEO Shou Chew -- confirming the TikTok U.S. deal is done.
Oracle, alongside private equity firm Silver Lake and Abu Dhabi-based MGX, now collectively owns 45% of TikTok U.S.
Non-Chinese ownership totals 80%, with 20% of the new joint venture remaining under control of Chinese parent company ByteDance.
Source Fool.com
Oracle Corp. Stock
€117.18
-0.510%
The stock is one of the favorites of our community with 103 Buy predictions and 1 Sell predictions.
With a target price of 237 € there is potential for a 102.25% increase which would mean more than doubling the current price of 117.18 € for Oracle Corp..
