Oracle ( (ORCL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Oracle shares moved higher after the company announced a joint venture to create a new U.S.-based TikTok entity, fueling investor optimism about Oracle’s expanded role in data security and cloud infrastructure. The deal, which complies with U.S. national security requirements and positions Oracle at the center of TikTok’s U.S. data management while ByteDance keeps a smaller stake, has reinforced Wall Street’s generally positive stance on the stock, with analysts maintaining a moderate buy rating that reflects confidence in Oracle’s strategic expansion and growth prospects.
More about Oracle
YTD Price Performance: 8.16%
Average Trading Volume: 26,519,148
Technical Sentiment Signal: Hold
Current Market Cap: $542B
For further insights into ORCL stock on TipRanks’ Stock Analysis page.
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