The technology world has evolved from downloading a software on computer to cloud computing concept. Businesses no longer want to keep in-house infrastructure, but rather rely more on outsourcing and using web for data storage.
The insider, and Oracle Corporation (NYSE:ORCL) 37.59 +0.70 1.90% 's Chief Executive Officer, Mark Hurd, sold 375,000 company shares on 05-10-2015, with their total value being placed at $13,567,763 (at $36.2 for every share).
As many as 23 brokerage firms have rated Oracle Corporation (NYSE:ORCL) at 1.93. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term.
Oracle Corporation (NYSE:ORCL) has shown a rise of 27.5% or 7,537,790 shares in the short positions. The bets have increased to 34,913,013 shares on September 15,2015 from 27,375,223 shares on August 31,2015.