Oracle Corp. Stock Falls Monday, Underperforms Market
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Shares of Oracle Corp. (ORCL) slipped 4.60% to $64.05 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 3.88% to 3,749.63 and Dow Jones Industrial Average falling 2.79% to 30,516.74. This was the stock's fifth consecutive day of losses. Oracle Corp. closed $42.29 below its 52-week high ($106.34), which the company reached on December 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) fell 4.24% to $242.26, Adobe Inc. (ADBE) fell 5.63% to $371.65, and Salesforce Inc. (CRM) fell 6.96% to $166.03. Trading volume (14.7 M) eclipsed its 50-day average volume of 7.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 13, 2022.
(END) Dow Jones Newswires
June 13, 2022 17:12 ET (21:12 GMT)
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