Oracle Corporation (NYSE:ORCL) traded today at a new 52-week high of $88.55. This new high was reached on below average trading volume as 3.7 million shares traded hands, while the average 30-day volume is approximately 13.1 million shares.
Oracle Corporation (NYSE:ORCL) defies analysts with a current price ($88.53) 11.9% above its average consensus price target of $77.98.
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
Over the past year, Oracle Corporation has traded in a range of $53.66 to $88.55 and is now at $88.53, 65% above that low.
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