Why Oracle Stock Just Popped
(NYSE: ORCL) stock jumped 3% through 10:40 a.m. ET Monday after publication of an internal memo to employees from TikTok CEO Shou Chew -- confirming the TikTok U.S. deal is done.
Oracle, alongside private equity firm Silver Lake and Abu Dhabi-based MGX, now collectively owns 45% of TikTok U.S.
Non-Chinese ownership totals 80%, with 20% of the new joint venture remaining under control of Chinese parent company ByteDance.
Source Fool.com
Oracle Corp. Stock
€120.96
4.510%
With 97 Buy predictions and 3 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 233 € shows a very positive potential of 92.63% compared to the current price of 120.96 € for Oracle Corp..
