Movement Alert|Oracle Rises 3.09% in Regular Trading, Extending Oversold Rebound After Worst Weekly Decline Since 2001

Market Focus07-02 22:17

On July 2, Oracle rose 3.09% in regular trading, trading at $146.93/share, with turnover of $1.09 billion. The stock continued its technical rebound following its worst single-week performance in 25 years.

Oracle plunged 19% in the prior week, marking its steepest weekly decline since the dot-com bubble burst in 2001, as concerns mounted over the company's approximately $130 billion debt load and aggressive AI infrastructure spending. The broader systems software sector has since stabilized, providing recovery momentum for the beaten-down stock. Oracle plans to raise $40 billion through debt and equity financing to support AI data center buildouts, while cutting approximately 21,000 jobs — around 13% of its workforce — to realign costs with its AI-centric business model.

Institutional support remains firm. William Blair added Oracle to its recommended list, while Stephens raised its price target to $175 from $164. Currently, 71% of analysts maintain buy ratings on the stock, the highest proportion in nearly 15 years, with a mean price target of $257.31 according to FactSet.

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