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Shares of Oracle Corp. (ORCL) slipped 2.00% to $66.75 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.71% to 3,789.93 and Dow Jones Industrial Average falling 1.70% to 30,183.78. This was the stock's second consecutive day of losses. Oracle Corp. closed $39.59 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 1.44% to $238.95, Adobe Inc. (ADBE) fell 1.64% to $286.30, and Salesforce Inc. (CRM) fell 1.45% to $147.63. Trading volume (6.8 M) remained 635,020 below its 50-day average volume of 7.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 21, 2022.
(END) Dow Jones Newswires
September 21, 2022 17:14 ET (21:14 GMT)
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