Oracle (NYSE: ORCL) stock is seeing big gains in Monday’s trading. The company’s share price was up 4.6% as of 1:40 p.m. ET, amid a 0.2% gain for the S&P 500 (SNPINDEX: ^GSPC) and a 0.1% gain for the Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been up as much as 8.6% earlier in the day.
Oracle’s valuation is climbing higher today following new guidance from management and bullish coverage from analysts. The reaction from investors has pushed the company’s share price to a new all-time high.
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