Traders See Bearish Options Activity Oracle Corporation

 Traders See Bearish Options Activity Oracle Corporation

In today’s session Oracle Corporation (ORCL) recorded an unusually high (3,010) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious ORCL decrease. With 3,010 contracts traded and 224544 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ORCL170120P00035000 closed last at: $0.7 or 2.9% up. About 4.57 million shares traded hands. Oracle Corporation (NYSE:ORCL) has declined 0.75% since March 14, 2016 and is downtrending. It has underperformed by 6.36% the S&P500.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Out of 23 analysts covering Oracle (NYSE:ORCL), 14 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 61% are positive. Oracle has been the topic of 38 analyst reports since July 30, 2015 according to StockzIntelligence Inc. FBR Capital maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, December 17. FBR Capital has “Mkt Perform” rating and $41 price target. BTIG Research initiated the shares of ORCL in a report on Thursday, September 10 with “Buy” rating. On Wednesday, September 16 the stock rating was upgraded by SunTrust to “Buy”. The firm has “Buy” rating given on Thursday, December 17 by UBS. The firm has “Hold” rating by Wunderlich given on Thursday, September 17. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Jefferies on Thursday, July 30. The firm earned “Buy” rating on Thursday, July 14 by BTIG Research. RBC Capital Markets maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, December 17. RBC Capital Markets has “Outperform” rating and $46 price target. FBR Capital downgraded the stock to “Mkt Perform” rating in Thursday, November 5 report. The company was maintained on Friday, September 30 by RBC Capital Markets.

According to Zacks Investment Research, “Oracle Corporation is one of the world’s leading suppliers of software for information management. The company develops, manufactures, markets and distributes computer software that helps corporations manage and grow their businesses. The company’s software products can be categorized into two broad areas: Systems software and Internet business applications software.”

Insitutional Activity: The institutional sentiment is 0.8 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 84 funds sold all Oracle Corporation shares owned while 568 reduced positions. only 64 funds bought stakes while 456 increased positions. They now own 2.33 billion shares or 3.19% less from 2.41 billion shares in 2016Q1.
Courier Cap has 72,599 shares for 0.59% of their US portfolio. Symphony Asset Mngmt Limited Liability Corp accumulated 0.62% or 135,799 shares. Culbertson A N accumulated 109,161 shares or 1.65% of the stock. Parsec Financial Mgmt Inc holds 0.28% or 72,347 shares in its portfolio. Greenwood Gearhart last reported 2.01% of its portfolio in the stock. Teachers Retirement System Of The State Of Kentucky has 0.22% invested in the company for 412,224 shares. Investec Asset Management Limited reported 2.29M shares or 0.48% of all its holdings. Haverford Trust, a Pennsylvania-based fund reported 2.00M shares. Moreover, Palouse Management Incorporated has 1.47% invested in Oracle Corporation (NYSE:ORCL) for 88,241 shares. Security Bank & Trust Of So Dak has invested 1.71% of its portfolio in Oracle Corporation (NYSE:ORCL). Moreover, Oak Associate Oh has 1.02% invested in Oracle Corporation (NYSE:ORCL) for 208,474 shares. Toronto Dominion Fincl Bank has 180,070 shares for 0.03% of their US portfolio. Analytic Investors Ltd Liability Corp accumulated 212,909 shares or 0.1% of the stock. Diam Co holds 365,814 shares or 0.22% of its portfolio. Joel Isaacson Limited Liability has 8,680 shares for 0.08% of their US portfolio.

Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The company has a market cap of $158.94 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 18.16 P/E ratio. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

ORCL Company Profile

Oracle Corporation (Oracle), incorporated on October 9, 2005, provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. The Company’s hardware business consists of two divisions, including hardware products and hardware support. The Company’s services business includes activities, such as consulting services, enhanced support services and education services, among others.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Profitconfidential.com which released: “Oracle Corporation: This Could Drive ORCL Stock 30% Higher” on October 02, 2016, also Profitconfidential.com with their article: “Oracle Stock: Can Oracle Corporation Take Down Amazon.com, Inc.?” published on September 20, 2016, Seekingalpha.com published: “Is Oracle’s Cloud Strategy Destroying Shareholder Value?” on October 11, 2016. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Nasdaq.com and their article: “Oracle Corporation (ORCL) Ex-Dividend Date Scheduled for October 07, 2016” published on October 06, 2016 as well as Benzinga.com‘s news article titled: “Oracle Corporation Is At Risk From Competitors Like Salesforce” with publication date: September 19, 2016.

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