<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Oracle Corp (NYSE: ORCL) stock lost $2.13 of its trading price on the August 10 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>At press time, ORCL stock is trading 14.19% below its annual price target of $129.15.&nbsp;&nbsp;</a> </li> 
 <li> <span>3</span> <a>Oracle Corporation is expected to announce earnings per share at $1.14, a 10.68% increase over the prior-year quarter.</a> </li> 
</ul> 
<p>Oracle Corp (NYSE: ORCL) stock lost $2.13 of its trading price on the August 10 trading session. It opened trading at $115.34, lowering to $112.33; it hit a high of $115.71 and closed trading at $113.10 with intraday trading volume of 6.542 Million.&nbsp;</p> 
<p>It is important to note that it slipped significantly in the weekly and monthly time frames, including intraday. In the 52 weeks time frame, the highest trading price of ORCL shares was $127.54, and the lowest was $60.78.</p> 
<p>Oracle Corp’s market capitalization is $306.983 Billion, and the stock’s average trading volume is 6.248 Million. At press time, ORCL stock is trading 14.19% below its annual price target of $129.15.</p> 
<h2 class="wp-block-heading" id="strong-nyse-orcl-stock-price-analysis-strong"><strong>NYSE: ORCL Stock Price Analysis&nbsp;</strong></h2> 
<p>On the August 9 trading session, a significant decline in ORCL trading price and a surge in selling was seen. It is believed that sellers were more aggressive than buyers. Before Thursday, ORCL stock prices were trading above the 50-day EMA, but after a recent decline, prices started to trade at around $113.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/rF3a-a4fIwAI_paMCif1IC66Zgb_OxISE_OjxheDLqX6JtJpDMmFBWCLhbd3QYan6VqvP0gUTzCdXGfEm-KxKqLQt5-gB3bZws9j7pKRDyP-CmYkXwP4PP6SYIkQzBqRlG-8y0lgms-6XH3a4kv_Iw" alt="Sudden Decline in ORCL Stock; Investors Lost $2.13 Intraday"> 
  <figcaption class="wp-element-caption">
    Source: ORCL stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>After analyzing the technical aspects of ORCL shares, it is noted that the price might face rejection from its nearest support, and there are chances for an impressive bounce. If buyers stand strong, then prices may start approaching the annual price target.</p> 
<p>If buyers reactivated their dominance over sellers, ORCL stock might face immediate resistance of $118.04, and if aggressive activities remain constant, the stock price faces the following possible resistance of $121.29. If sellers remain active, ORCL stock might meet immediate support of $104.99 and possibly the next support of $98.47.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-related-news-strong"><strong>Related News&nbsp;</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/2023/08/02/will-oracle-orcl-stock-continue-its-previous-market-trend/" rel="noopener noreferrer nofollow">Oracle Corporation (ORCL)</a> is expected to announce an EPS at around $1.14, a 10.68% increase over the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is $12.45 Billion, up 8.82% from the same time last year.</p> 
<p>It is also worth noting the recent adjustments in Oracle analyst estimates. These adjustments reflect the most recent short-term business trends, which might alter regularly. With this in mind, we might interpret positive estimate revisions as indicating confidence about the company’s business prospects.</p> 
<p>Oracle Corporation is a prominent technology company that creates software solutions for enterprises across the globe. It is listed on the New York Stock Exchange (NYSE) with the ORCL ticker.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Major Resistance: $118.04 &amp; $121.29</p> 
<p>Major Support: &nbsp; $104.99 &amp; $98.47</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>NYSE: ORCL shareholders should not need to worry as the recent price decline will not sustain for longer on a lower level. It is expected that there might be a possible bounce in ORCL stock price by the end of this week.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Sudden Decline in ORCL Stock; Investors Lost $2.13 Intraday

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Thecoinrepublic.com

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