Oracle Co. saw a 2.4% increase in its stock price on Wednesday after Argus raised its price target on the stock from $145 to $159, with a Buy rating. The stock traded as high as $145.06 and closed at $144.64, with higher trading volume than usual. Other analysts have also given their opinions on Oracle, with ratings ranging from Buy to Hold. Director Michael J. Boskin and other insiders have sold a significant number of shares in recent months. Institutional investors have been adjusting their stock holdings, with hedge funds owning a substantial percentage of the company’s shares. Oracle’s financial performance includes a recent earnings report and a dividend announcement. The company offers a range of products and services in the enterprise information technology sector.
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