Market Overview

Oracle Higher After Being Added To Conviction Buy List At Goldman Sachs

Related ORCL
Mid-Afternoon Market Update: Oracle Gains On Earnings Beat; TrovaGene Shares Slide
Oracle's Low Expectations Lead To Well-Received Q3 Results
Largest Insider Trades of the Week (GuruFocus)

Oracle Corporation (NYSE: ORCL) shares are trading higher by $0.63 at $37.93 in Monday's session. The catalyst for the rally is the issue being added to the Conviction List at Goldman Sachs. Analyst Heather Bellini maintained her Buy rating and raised her price target from $45 to $47.

After a higher open, it retreated $0.13 to $37.56 before resuming its move higher. The ensuing rally has found resistance ahead of Friday's high ($38.80), only reaching $38.39 before falling back to the $28 area.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email

Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas


Related Articles (ORCL)

View Comments and Join the Discussion!