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Why Oracle Stock Dropped Today


I hate to say I told you so, but in a column Tuesday, I warned "Oracle stock is probably not worth its present 75x earnings valuation." Now Rothschild Redburn analyst Alex Haissl has initiated coverage of Oracle (NYSE: ORCL) stock -- and Haissl says it's a sell.

Oracle stock is down 4.4% through 10 a.m. ET.

Image source: Getty Images.

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Source Fool.com

Oracle Corp. Stock

€165.06
-0.370%
Oracle Corp. shows a slight decrease today, losing -€0.620 (-0.370%) compared to yesterday.
The stock is one of the favorites of our community with 98 Buy predictions and 1 Sell predictions.
With a target price of 231 € there is a positive potential of 39.95% for Oracle Corp. compared to the current price of 165.06 €.
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