Risk-on sentiment allowed Oracle to post 0.52% gain Friday

Published: March 19 2023, 07:26 GMT+0

Risk-on sentiment allowed Oracle to post 0.52% gain Friday

A quick look at Friday: Oracle moves up 0.52% to close at $85.26 Friday.

  • Daily trading volume (7.42 million shares) was slightly above the current multiday average of 7 million.
  • Oracle discloses 32 cents per share dividend to be paid on Tuesday, January 24th

With investors awaiting market open on the New York Stock Exchange in a day, Friday's session was noteworthy in that S&P 500 closed at 3,916.64. 11,631 is Nasdaq's close value. While Oracle went up, the Technology sector was mostly down, falling 0.307%.

The US tech hardware giant is up 38.89% from the significant low of $61.07 it hit 5 months ago. So far this year, it has been doing worse than the Nasdaq by 5.39%. The US tech hardware giant's market cap currently stands at $230.18 billion with an average daily trading volume of 7 million shares. Oracle's last revenue report was $12.28 billion with an EPS of 96 cents.

Based on current prices, Oracle shareholders are currently earning an annual dividend yield of 1.5% after the company distributed a quarterly dividend of 32 cents per share for all eligible shareholders as of Tuesday, January 10th. The most recent payment was made on Tuesday, January 24th.

A look at other technology stocks also showed bullish price action as Microsoft traded at $279.43 after closing Friday's trading day at $276.2 (up 1.17%). Adobe was up 1.37%.

While Oracle was bullish Friday, the following technology stocks underperformed: Accenture plc Class A (Ireland) closed at $250 (down 1.15%).