$Oracle(ORCL)$ wait and see first..
Oracle +6%! Does TikTok News Change Oracle’s Fundamentals?
Oracle shares extended gains to about 6% in after-hours trading following reports that ByteDance and TikTok have signed agreements with a group of investors, including Oracle, Silver Lake, and MGX. The rebound comes after Oracle’s stock fell roughly 10% on its recent earnings release and has declined about 50% from its year-to-date high amid concerns around debt and CDS pricing.
-----
How significant do you think this agreement could be for Oracle’s long-term fundamentals?
After such a large drawdown, how would you approach risk management or position sizing in Oracle?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments