What's Behind Oracle Stock's Plunge?
Tim Knight | Dec 12, 2023 12:14AM ET
We’re way past the meat of the earnings season, but from time to time someone will bubble to the surface. This evening it was Oracle (NYSE:ORCL), and the market wasn’t exactly thrilled.
The last time they rolled out earnings, three months ago, the reaction was quite similar. In fact, even at its highest point, ORCL never recaptured its value from even just the prior plunge.
Over the very long haul, it’s hardly a blip, but it is a bit of an outlier in this market where everything else seems to reach new lifetime highs on a daily basis.
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