Why Oracle Stock Popped Again Today
Oracle (NYSE: ORCL) stock is moving higher again Tuesday, up 2.4% through 10:30 a.m. ET, and this time not because of artificial intelligence and OpenAI, but because of TikTok and the U.S. Treasury!
At a press conference Monday, Treasury Secretary Scott Bessent said the U.S. and China are making progress on a new deal to avoid the imposition of 145% tariffs on Chinese imports. One of the bargaining chips on the table is TikTok, which could theoretically be banned in the U.S. as early as Wednesday.
But in fact won't be banned.
Source Fool.com
Oracle Corp. Stock
€166.20
0.060%
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 38.99% for Oracle Corp. compared to the current price of 166.2 €.
