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What’s Behind Oracle Stock’s Plunge?

12/12/2023

Less than a minute

2023.12.12 05:13

Tim Knight

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:), and the market wasn’t exactly thrilled.

Oracle Stock-Price Chart

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.

Oracle Earnings Chart

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.

Oracle Stock Chart