Oracle stock will enter the Sept. 15-19 trading week seeking stability after a wild previous five-day span and a Friday that saw the tech giant flirt with nearly 50 million shares changing hands.
On Tuesday, Sept. 9, the stock (ticker: ORCL ) — now priced at about 57 percent more than its first-of-year mark — gained 30 percent in value after the Austin-based company announced first-quarter results.
Similarly, Wednesday saw the shares of the software and cloud-computing company increase almost 36 percent in value, closing at a record high mark of $328.33. For comparison, Oracle’s best single-session share percentage gain came on a late-1992 trading day, when the stock value increased 44 percent.
Oracle — which eventually will relocate its international headquarters to Nashville’s Riv