Investors Buy Large Volume of Call Options on Oracle (ORCL)
Shares of Oracle (NASDAQ:ORCL) were the target of unusually large options trading activity on Tuesday. Stock traders acquired 15,471 call options on the company, AR Network reports. This is an increase of approximately 108% compared to the typical volume of 7,424 call options.
In other Oracle news, Director Hector Garcia-Molina sold 1,250 shares of Oracle stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $42.00, for a total transaction of $52,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ORCL. Analysts at Canaccord Genuity raised their price target on shares of Oracle from $43.00 to $48.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Oracle in a research note on Monday. They now have a $47.00 price target on the stock, up previously from $44.00. Finally, analysts at RBC Capital raised their price target on shares of Oracle from $35.00 to $40.00 in a research note on Monday. They now have a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $42.52.
Oracle (NASDAQ:ORCL) traded up 0.40% during mid-day trading on Tuesday, hitting $42.32. The stock had a trading volume of 12,792,030 shares. Oracle has a 52 week low of $29.86 and a 52 week high of $42.88. The stock has a 50-day moving average of $41.67 and a 200-day moving average of $38.86. The company has a market cap of $188.7 billion and a P/E ratio of 17.62.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company provides cloud services as well as software and hardware products to other cloud service providers, both public and private.
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