Oracle Corp. Stock Underperforms Wednesday When Compared To Competitors

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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend

Company profile

IEH Corporation (IEH) designs, develops, and manufactures HYPERBOLOID sockets and printed circuit board (PCB) connectors for the military and aerospace industries. HYPERBOLOID technology is used in avionics platforms, military and commercial aerospace equipment, engine control systems, missiles and torpedoes, vehicular electronics, satellites and rocket launchers, medical devices, industrial and environmental controls, test equipment, pin grid array (PGA) socket and rugged applications. IEH serves customers in the United States and abroad, with sales in approximately 40 countries. IEH customers include defense contractors, commercial aerospace equipment manufacturers, medical device manufacturers, oil and gas exploration firms, and commercial space launch companies.

Oracle Corp. Stock Underperforms Wednesday When Compared To Competitors

5:12 pm ET June 22, 2022 (MarketWatch) Print

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

Shares of Oracle Corp. ORCL shed 1.70% to $66.53 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA falling 0.15% to 30,483.13. This was the stock's fifth consecutive day of losses. Oracle Corp. closed $39.81 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 0.24% to $253.13, Adobe Inc. ADBE rose 0.64% to $365.33, and Salesforce Inc. CRM rose 0.37% to $167.45. Trading volume (8.2 M) eclipsed its 50-day average volume of 8.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 22, 2022.

(END) Dow Jones Newswires

June 22, 2022 17:12 ET (21:12 GMT)