Investors are currently sidelined due to the Thanksgiving holiday but will return to their desks tomorrow. Looking back over the previous session yesterday: after ending Tuesday at $82.12, Oracle spiked to $82.92 yesterday, dropped back to starting point range, and rallied again to $82.56.
Oracle's uptick comes amid good United States macroeconomic data released during the day — United States Core Durable Goods Orders improved upon its previous reading of -0.9% with a new data release of 0.5%.
On the flip side, United States Crude Oil Inventories improved upon its previous reading of -5.4 million with a new data release of -3.69 million.
At the same time, United States New Home Sales (Oct) released yesterday at 15:00 UTC with a figure of 632,000, while the previous figure was 588,000.
The stock has been trending positively for about a month. Having set a significant high of $103.65 a month ago, the enterprise IT company is trading 34.47% lower.