Oracle Corp. Stock Falls Tuesday, Underperforms Market
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Shares of Oracle Corp. (ORCL) slipped 1.23% to $77.11 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.41% to 3,856.10 and Dow Jones Industrial Average falling 0.24% to 32,653.20. The stock's fall snapped an eight-day winning streak. Oracle Corp. closed $29.23 short of 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 Tuesday, as Microsoft Corp. (MSFT) fell 1.71% to $228.17, Adobe Inc. (ADBE) fell 0.78% to $316.02, and Salesforce Inc. (CRM) fell 1.70% to $159.82. Trading volume (7.8 M) remained 1.7 million below its 50-day average volume of 9.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2022.
(END) Dow Jones Newswires
November 01, 2022 17:15 ET (21:15 GMT)
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