Oracle Corp. Stock Underperforms Tuesday When Compared To Competitors

Archrock Inc

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Energy : Energy Equipment & Services | Small Cap Value

Company profile

Archrock, Inc. is an energy infrastructure company with a pure-play focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States, in terms of total compression fleet horsepower and a supplier of aftermarket services to customers that own compression equipment in the United States. The natural gas that it helps transport satisfies demand from electricity generation, heating and cooking and the industrial and manufacturing sectors. It has two segments. Its Contract Operations segment is comprised of its owned fleet of natural gas compression equipment that it uses to provide operations services to its customers. Its Aftermarket Services segment provides a full range of services to support the compression needs of its customers, which owns compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components.

Oracle Corp. Stock Underperforms Tuesday When Compared To Competitors

5:12 pm ET May 3, 2022 (MarketWatch) Print

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

Shares of Oracle Corp. (ORCL) slipped 0.96% to $73.29 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.48% to 4,175.48 and the Dow Jones Industrial Average rising 0.20% to 33,128.79. Oracle Corp. closed $33.05 short of its 52-week high ($106.34), which the company achieved on December 10th.

The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 0.95% to $281.78, Adobe Inc. (ADBE) rose 0.07% to $407.58, and Salesforce Inc. (CRM) rose 0.44% to $178.36. Trading volume (5.2 M) remained 3.5 million below its 50-day average volume of 8.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

May 03, 2022 17:12 ET (21:12 GMT)