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Shares of Oracle Corp. (ORCL) shed 1.80% to $71.38 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.08% to 4,115.77 and Dow Jones Industrial Average falling 0.81% to 32,910.90. This was the stock's second consecutive day of losses. Oracle Corp. closed $34.96 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) fell 0.77% to $270.41, Adobe Inc. (ADBE) fell 1.06% to $428.84, and Salesforce Inc. (CRM) rose 1.09% to $189.19. Trading volume (5.3 M) remained 1.8 million below its 50-day average volume of 7.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 8, 2022.
(END) Dow Jones Newswires
June 08, 2022 17:13 ET (21:13 GMT)
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