Oracle Corp. Stock Falls Wednesday, Underperforms Market

TrustCo Bank Corp N Y

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Financials : Thrifts & Mortgage Finance | Small Cap Value

Company profile

TrustCo Bank Corp NY is a savings and loan holding company. The Company's principal subsidiary is Trustco Bank (the Bank). The Bank focuses on providing service to the communities served by its branch-banking network. It operates through community banking segment. The Company operates in the geographical region of Upstate New York with branches also in Florida and the mid-Hudson valley region of New York. The Bank's subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. The Bank's trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, and provides estate planning and related advice, provides custodial services.

Oracle Corp. Stock Falls Wednesday, Underperforms Market

5:15 pm ET December 22, 2021 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Oracle Corp. (ORCL) slid 1.80% to $89.86 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.02% to 4,696.56 and the Dow Jones Industrial Average rising 0.74% to 35,753.89. This was the stock's fifth consecutive day of losses. Oracle Corp. closed $16.48 short of its 52-week high ($106.34), which the company reached on December 10th.

The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 1.81% to $333.20, Adobe Inc. (ADBE) rose 1.16% to $563.98, and Salesforce.com Inc. (CRM) rose 0.10% to $252.80. Trading volume (10.2 M) eclipsed its 50-day average volume of 9.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 22, 2021.

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December 22, 2021 17:15 ET (22:15 GMT)