Oracle Corporation (NYSE: ORCL), the global enterprise software and cloud computing leader, ended the official trading session on Thursday, April 17th, at a price of $128.62, marking a decline of $1.14 or 0.88% from the previous day’s closing price of $129.76.
The stock opened the day strong at $130.90 and quickly climbed to an intraday high of $131.30, but the bullish momentum proved short-lived. Selling pressure emerged, causing Oracle shares to slide through the session. The stock reached a session low of $128.44 shortly before the close at 4:00 PM ET, indicating a weaker finish for the regular trading hours.
However, the story took a dramatic turn in after-hours trading. By 7:16 PM GMT-4, Oracle shares surged to $129.55, up $0.93 or 0.72% from the official closing price. This late recovery erased most of the day’s losses, suggesting renewed investor confidence and increased buying activity after the market closed.
Oracle’s market capitalization is currently reported at approximately 36.07KCr, with a Price-to-Earnings (P/E) ratio of 30.21, reflecting solid investor sentiment despite recent fluctuations. The company’s dividend yield stands at 1.55%, offering an attractive return for long-term investors. The stock has seen significant volatility over the past 52 weeks, with a range between $112.78 and $198.31, highlighting both the potential and challenges facing the tech giant in today’s market environment.
