New insider activity at Oracle ( (ORCL) ) has taken place on February 15, 2025.
Director Charles Moorman made a significant investment in Oracle by purchasing 5,500 shares, totaling a value of $947,870. This move signifies confidence in the company’s future prospects.
Recent Updates on ORCL stock
In the last 24 hours, Oracle (ORCL) has experienced significant developments impacting its stock price and market perception. The company, in collaboration with Google Cloud, announced the expansion of its Oracle Database@Google Cloud services, adding new regions and capabilities, which aim to enhance customer experience through cost optimization and improved resiliency. Despite a noted 14% decline in Oracle’s stock price, Jefferies maintained a Buy rating, attributing the drop to an overreaction by the market, as the core demand for AI capacity remains unchanged amid the ongoing evolution of AI efficiency. Additionally, Oracle’s stock price increased by 8.6%, reflecting positive investor sentiment following these announcements. The company’s strategic expansions and technological advancements are seen as drivers for future growth, as evidenced by Cantor Fitzgerald’s initiation of coverage with an Overweight rating, indicating confidence in Oracle’s long-term prospects.
More about Oracle
YTD Price Performance: 4.59%
Average Trading Volume: 10,734,413
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $486.3B