Oracle (ORCL) Stock Swings on OpenAI Numbers as a Director Buys the Dip
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TLDR Oracle (ORCL) stock opened at $141.56 on Friday, below its 50-day average of $146.35 and its 200-day average of $159.03. Director Stephen Rusckowski bought 25,000 of Oracle’s stock for about $3.5 million on Sept. 29, his first open-market purchase since joining the board. Reports on OpenAI’s revenue, which range from $50 billion to nearly $70 billion, keep moving the stock. CEO Michael Sicilia sold 22,562 of his holdings at $151.59 under a pre-arranged plan, and insiders sold about $5.34 million in the last 90 days. Oracle beat earnings estimates on Sept.
Source: CoinCentral
