Oracle Corporation (NYSE:ORCL) traded at a new 52-week high today of $88.01. Approximately 5.3 million shares have changed hands today, as compared to an average 30-day volume of 13 million shares.
Over the past year, Oracle Corporation has traded in a range of $53.66 to $88.01 and is now at $87.62, 63% above that low.
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.
Based on a current price of $87.62, Oracle Corporation is currently 11.0% above its average consensus analyst price target of $77.98.
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