ORCL Stock Summary and Trading Ideas (Oracle | NYSE:ORCL)

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.

Oracle trades on the NYSE stock market under the symbol ORCL.

As of June 28, 2024, ORCL stock price climbed to $141.20 with 14,010,616 million shares trading.

ORCL has a beta of 1.20, meaning it tends to be more sensitive to market movements. ORCL has a correlation of 0.22 to the broad based SPY ETF.

ORCL has a market cap of $389.13 billion. This is considered a Mega Cap stock.

Last quarter Oracle reported $14 billion in Revenue and $1.63 earnings per share. This fell short of revenue expectation by $-303 million and exceeded earnings estimates by $.10.

In the last 3 years, ORCL stock traded as high as $145.32 and as low as $60.78.

The top ETF exchange traded funds that ORCL belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

ORCL stock has underperformed the market in the last year with a return of +22.5%, while SPY returned +26.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ORCL shares. However, ORCL has outperformed the market in the last 3 month and 2 week periods, returning +12.7% and +2.2%, while SPY returned +4.4% and +0.6%, respectively. This indicates ORCL has been having a stronger performance recently.

ORCL support price is $137.81 and resistance is $142.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ORCL stock will trade within this expected range on the day.