Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Oracle Corp . (NYSE:ORCL) Director Michael J. Boskin recently acquired shares in two separate transactions, according to a Form 4 filing. On February 24, 2021, Boskin purchased 780 shares at a price of $64.91 each. Subsequently, on March 3, 2021, he acquired an additional 902 shares at $67.09 per share. The total value of these transactions amounted to $111,144. Currently trading at $152.23, Oracle has shown strong momentum with a 20.41% return over the past year. InvestingPro analysis indicates the stock is trading at premium valuations across multiple metrics. Following these purchases, Boskin’s direct ownership in Oracle stands at 92,458 shares. The company, with a market capitalization of $429 billion, maintains a solid financial health score of "GOOD" according to InvestingPro, which offers comprehensive analysis through its Pro Research Report, including detailed insider trading patterns and valuation metrics.
In other recent news, Oracle Corporation has announced a significant investment of $5 billion in the United Kingdom (TADAWUL:4280) over the next five years to expand its cloud infrastructure. This move aims to support the growing demand for Oracle Cloud Infrastructure services and aligns with the UK Government’s vision for AI innovation. Additionally, Oracle has integrated NVIDIA (NASDAQ:NVDA) AI Enterprise into its cloud infrastructure, enhancing its capabilities in AI and data science application development. This integration provides customers with over 160 AI tools and services, further solidifying Oracle’s position in the AI market.
In discussions related to TikTok’s U.S. operations, Oracle is considering acquiring a small stake and providing security assurances. This plan is part of ongoing negotiations to create a separate U.S. entity for TikTok, potentially preventing a U.S. ban. Meanwhile, Stephens has initiated coverage of Oracle with an Equal Weight rating and a price target of $167. The firm acknowledges Oracle’s strong market presence and growth opportunities, though it also notes potential challenges due to reliance on older technology in some business applications.
These developments reflect Oracle’s strategic efforts to expand its cloud and AI services while navigating complex international negotiations. The company’s partnerships, investments, and analyst assessments highlight its ongoing commitment to growth and innovation in the tech industry.
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