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
€135.04
-0.560%
The stock is one of the favorites of our community with 96 Buy predictions and 3 Sell predictions.
With a target price of 233 € there is a hugely positive potential of 72.54% for Oracle Corp. compared to the current price of 135.04 €.
