TradingKey – As of the close on Monday (November 2) Eastern Time, Oracle (ORCL) stock fell sharply by 8.76% to close at $119.22, hitting an intraday low of $118.43, with volume rising to approximately 58.16 million shares. Since touching an intraday high of $148.48 on October 28, ORCL has fallen for three consecutive trading days, with a cumulative pullback of about 17.5%.
Oracle recently disclosed that it plans to raise approximately $20 billion in total through debt and equity financing, including roughly $10 billion in debt financing and roughly $10 billion in equity financing. The proceeds will primarily be used to support the company’s expanding AI and cloud infrastructure investments, as well as for debt repayment, capital…
