Oracle (ORCL) Stock Sees Major Dip: Shares Down Almost 6% Amid Market Pressure
Oracle Corp (NYSE: ORCL) shares faced significant headwinds during trading on April 4th, experiencing a notable decline as the session progressed.
As of 3:11 pm GMT-4, the enterprise software and cloud computing company’s stock was priced at 129.04 USD. This reflects a considerable drop of 8.18 USD, translating to a 5.96% decrease for the day compared to its previous closing value.
The intraday performance shows Oracle opening the day at 132.91 USD and reaching a high of 133.82 USD. However, selling pressure mounted, pushing the stock down to an intraday low of 126.95 USD. While showing some volatility, the overall trend for the day has been negative, moving away from the previous close of 137.22 USD.
The current trading price places Oracle closer to its daily low than its high, suggesting continued pressure in the latter part of the trading session.
Key market statistics for Oracle at this time highlight:
-
Market Cap: 36.21KCr
-
P/E Ratio: 30.31
-
Dividend Yield: 1.55%
Today’s downturn moves the stock further from its 52-week high of 198.31 USD and brings it closer to the 52-week low of 112.78 USD.
The significant percentage drop indicates a challenging trading environment for Oracle stock on the NYSE today.
