Oracle (ORCL) Stock Is Up, What You Need To Know [Yahoo! Finance]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Yahoo! Finance
surfaced that its U.S. joint venture, alongside other American investors, secured a controlling interest in TikTok's U.S. operations. The agreement, which aimed to address national security concerns, was seen as a major victory for Oracle's cloud business by securing the popular video app as a key customer. This move was expected to solidify Oracle's position as a significant provider of cloud and data security services. The news provided a rebound for the stock after it had experienced selling pressure in previous sessions. Adding to the day's positive news, Oracle's co-founder, Larry Ellison, also agreed to provide a personal guarantee of $40.4 billion in equity financing for a separate deal involving Paramount Skydance's offer for Warner Bros Discovery. After the initial pop the shares cooled down to $198.48, up 3% from previous close. Is now the time to buy Oracle? Access our full analysis report here Oracle's shares are very volatile and have had 27 moves greater than 5
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