Oracle ‘OK To Buy’ In Slow Transition, Say Analysts

By | December 17, 2015

Scalper1 News

With some clarity from Oracle’s (ORCL) Q2 earnings beat but disappointing Q3 guidance, investors traded Oracle stock down as much as 6% Thursday to a nearly three-month low. In late-afternoon trading in the stock market today, Oracle was down 4.5%, near 37. Oracle stock is more than 20% off its all-time high 46.71, set last Christmas Eve. The database leader “is still searching for a breakout after prolonged low-single-digit revenue growth,” UBS Scalper1 News

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