Call Buying Activity in Oracle (ORCL) Targets Upside in Shares Above $56 with Microsoft (MSFT) Earnings Today AMC as Potential Catalyst -Susquehanna
Get Alerts ORCL Hot Sheet
Price: $129.87 -0.97%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +32.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +32.4%
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Susquehanna options strategist Alison Edwards notes call buying activity in Oracle (NYSE: ORCL), with shares hitting new 52-week highs, as opening investors purchased 9k May 56 Calls. The investors suggest the shares have an increased probability to trade above $56 (+1.3%) by mid-May. They may be seeking exposure to software earnings, including Microsoft (NASDAQ: MSFT) tonight.
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