Oracle Corp. Stock Rises Friday, Still Underperforms Market
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Shares of Oracle Corp. (ORCL) inched 0.74% higher to $77.74 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.92% to 3,992.93 and the Dow Jones Industrial Average rising 0.10% to 33,747.86. This was the stock's third consecutive day of gains. Oracle Corp. closed $28.60 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 Friday, as Microsoft Corp. (MSFT) rose 1.70% to $247.11, Adobe Inc. (ADBE) rose 3.39% to $341.15, and Salesforce Inc. (CRM) rose 0.91% to $157.73. Trading volume (7.7 M) remained 2.2 million below its 50-day average volume of 9.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2022.
(END) Dow Jones Newswires
November 11, 2022 17:14 ET (22:14 GMT)
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