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Oracle (ORCL) Soars: Stock Adds 9.7% in Session

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Oracle Corporation (ORCL - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $39.80–$55.51 in the past one-month time frame, witnessed a sharp increase yesterday.

The upmove came after the company announced upbeat prospects for live streaming as leading content steaming companies turn to Oracle Cloud Infrastructure.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.


Oracle currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Computer and Technology sector is SAP SE (SAP - Free Report) , holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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