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Traders in Oracle Buying the Dip, Stock Turns Positive Following Gap ~1% Lower; Co. Earlier Announced Purchase of Compendium

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Oracle (NASDAQ: ORCL) shares are now flirting with the $33 level after opening at $32.62. The stock is down 0.1 percent at last check.

The company announced early Thursday morning the purchase of Compendium, a cloud-based content marketing provider that helps companies plan, produce and deliver engaging content across multiple channels throughout their customers' lifecycle.

Terms of the deal were not disclosed.

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