Oracle Corp. Stock Rises Wednesday, Still Underperforms Market
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Shares of Oracle Corp. (ORCL) inched 0.54% higher to $82.56 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. This was the stock's fourth consecutive day of gains. Oracle Corp. closed $23.78 below 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) rose 1.04% to $247.58, Adobe Inc. (ADBE) rose 1.48% to $335.78, and Salesforce Inc. (CRM) rose 2.00% to $152.24. Trading volume (6.3 M) remained 2.8 million below its 50-day average volume of 9.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 17:15 ET (22:15 GMT)
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