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Oracle Corporation (NYSE: ORCL) shares are trading lower by $1.95 (4.7 percent) at $38.91 in Friday's session. The Street is placing more emphasis on its slight revenue miss than its Q2 EPS beat of penny. It appears that Street wanted to see a bigger improvement in its cloud business.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Its lower opening tick of $40.22 has turned out to be the high for the session as the issue found more and more sellers. It has continued to make new lows for the session, with the current one standing at $38.88. That matches its low from December 6.
If the decline continues, there may be minor support at its December 5 low ($38.54) and additional support at its December 2 low ($37.64).