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Company News for Jun 15, 2022

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  • Oracle Corp.’s (ORCL - Free Report) shares surged 10.4% after reporting fourth-quarter fiscal 2022 adjusted earnings per share of $1.54, beating the Zacks Consensus Estimate of $1.38.
  • Shares of FedEx Corp. (FDX - Free Report) climbed 14.4% after the company said to raise quarterly dividend rate by 53% to $1.15 per share.
  • Continental Resources Inc. shares jumped 15.1% after its founder Harold Hamm offered an all-cash buyout of the company valuing the entity at around $25.41 billion.
  • Shares of Coinbase Global Inc. (COIN - Free Report) fell 0.8% after the company announced to retrench 18% of its total workforce.

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