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Why Oracle Stock Slumped on Thursday

TheMotleyFool 
0 0 29.01.26
Why Oracle Stock Slumped on ThursdayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Shares of (NYSE: ORCL) dropped Thursday morning, falling as much as 6.5%. As of 1:48 a.m. ET, the stock was still down 4.4%.

There was no company-specific news to explain the enterprise database and artificial intelligence (AI) specialist's decline. However, a cloud competitor posted results that investors found wanting.

Image source: Getty Images.

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Source Fool.com

Oracle Corp. Stock

€114.40
3.400%
A very strong showing by Oracle Corp. today, with an increase of €3.76 (3.400%) compared to yesterday's price.
The stock is one of the favorites of our community with 96 Buy predictions and 1 Sell predictions.
With a target price of 260 € there is potential for a 127.27% increase which would mean more than doubling the current price of 114.4 € for Oracle Corp..
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