ORCL Gains After Management Change

Shares of Oracle Corporation ORCL jumped around 7% after it announced Mark Hurd as the co-president of the company. ORCL shares gained 6.85% to $24.49 at 9.40 am on Tuesday. Former Hewlett-Packard Co HPQ CEO, Mark Hurd will be replacing Chuck Phillips. Oracle shares have lost 5.64% over the past month and moved down 5.99% so far this year. Read more from Benzinga's Company news.