Shares of Oracle Corporation Have Risen Above Previous 52-Week High
The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
Oracle Corporation (NYSE: ORCL) traded at a new 52-week high today of $92.88. So far today approximately 3 million shares have been exchanged, as compared to an average 30-day volume of 12.6 million shares.
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
In the past 52 weeks, shares of Oracle Corporation have traded between a low of $55.14 and a high of $92.88 and are now at $92.61, which is 68% above that low price.
Oracle Corporation is currently priced 4.5% above its average consensus analyst price target of $88.46.
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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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