Oracle Corporation Can Burn Your Long Portfolio. Option Traders Are Bearish

 Oracle Corporation Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Oracle Corporation (ORCL) recorded an unusually high (1,218) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ORCL decrease. With 1,218 contracts traded and 34454 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ORCL161216P00038000 closed last at: $1.04 or 7.2% up. About 2.48 million shares traded hands. Oracle Corporation (NYSE:ORCL) has declined 5.55% since April 5, 2016 and is downtrending. It has underperformed by 7.51% 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. $50 is the highest target while $37 is the lowest. The $44.13 average target is 12.98% above today’s ($39.06) stock price. Oracle has been the topic of 38 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Wednesday, October 14 by JMP Securities. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Stifel Nicolaus on Friday, September 23. The stock of Oracle Corporation (NYSE:ORCL) has “Hold” rating given on Friday, June 17 by Wunderlich. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Canaccord Genuity on Wednesday, March 16. Wunderlich maintained it with “Hold” rating and $43 target price in Thursday, September 17 report. The company was upgraded on Wednesday, June 29 by JP Morgan. The stock of Oracle Corporation (NYSE:ORCL) earned “Conviction Buy” rating by Goldman Sachs on Monday, November 16. On Friday, September 16 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Stifel Nicolaus on Thursday, September 17 with “Buy”. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, December 17.

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 without change, 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.
Founders Capital Management Ltd Liability Com last reported 5,720 shares in the company. Koshinski Asset Management Inc has invested 0% of its portfolio in Oracle Corporation (NYSE:ORCL). Pacific Inv Mngmt Company accumulated 48,687 shares or 0.46% of the stock. Peregrine Asset Advisers Inc has invested 0.18% of its portfolio in Oracle Corporation (NYSE:ORCL). Regentatlantic Lc, a New Jersey-based fund reported 159,112 shares. Nikko Asset Mgmt Americas last reported 0.06% of its portfolio in the stock. Usca Ria Limited has invested 0.19% of its portfolio in Oracle Corporation (NYSE:ORCL). Moreover, Dean Inv Assoc Lc has 0.15% invested in Oracle Corporation (NYSE:ORCL) for 18,679 shares. National Bank Of The West reported 15,340 shares or 0.09% of all its holdings. Massmutual Company Fsb Adv has invested 0% of its portfolio in Oracle Corporation (NYSE:ORCL). Sva Plumb Wealth Ltd Liability Corporation owns 12,101 shares or 0.08% of their US portfolio. Nwq Management Ltd Liability last reported 2.48% of its portfolio in the stock. Thrivent For Lutherans has invested 0.54% of its portfolio in Oracle Corporation (NYSE:ORCL). Tctc Holding Limited Liability owns 5,832 shares or 0.02% of their US portfolio. Headinvest Ltd Llc owns 57,555 shares or 0.89% 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 $158.59 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 18.51 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 recent Oracle Corporation (NYSE:ORCL) news were published by: Reuters.com which released: “Oracle says majority of NetSuite holders back acquisition” on November 05, 2016. Also Investorplace.com published the news titled: “3 Stocks to Watch on Monday: Amazon.com, Inc. (AMZN), Oracle Corporation (ORCL …” on November 07, 2016. Fool.com‘s news article titled: “Better Buy: Cisco Systems Inc. or Oracle Corporation?” with publication date: October 26, 2016 was also an interesting one.

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