Oracle Corp. Stock Sheds 8.8%, Underperforms Peers

Dow Jones05:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Oracle Corp. slid 8.8% to $119.22 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.4% to 51,983.98 and the S&P 500 Index falling 0.5% to 7,541.40.

This was the stock's third consecutive day of losses.

Oracle Corp. closed 55.1% short of its 52-week high of $265.81, which the company achieved on October 31st.

The stock underperformed when compared to some of its peers, as Microsoft Corp. fell 2.8% to $507.12, Alphabet Inc. Cl C fell 0.1% to $278.04, and Alphabet Inc. Cl A fell 0.30% to $278.99.

Trading volume totaled 57.9 million, compared to the 50-day average of 31.2 million.

Data source: Dow Jones Market Data, FactSet

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