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February 26, 2023
Friday at a glance: after dropping down to $87.14, the enterprise IT company recovers some losses and is currently trading at $88.66.
Meanwhile, mixed performances were seen by other technology stocks as Adobe lost 7.63% Friday and closed at $320.54. Microsoft closed at $249.22 (down 2.18%). SAP closed at $113.18 (down 2.44%).
Data to be released tomorrow might clear up some of the market fog as United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC. United States Pending Home Sales projected to decline to 1% while previous data was 2.5%; data will be released tomorrow at 15:00 UTC.
The stock has been trending positively for about 4 months. Oracle hit a significant low of $61.07 around 4 months ago, but has since recovered 45.05%.
