Assessing Oracle Stock After the TikTok Deal and Recent Price Surge
If you are wondering what to do about Oracle stock after the recent volatility, you are not alone. In the past month, Oracle has been a rollercoaster, up a staggering 25.4% but also taking a breather this week with a decline of 8.2%. For the year to date, however, it is hard to miss the eye-popping 70.7% surge, and the 5-year number is even more impressive at over 417%. Clearly, something big is going on here.
The recent swings can be traced in part to major developments around TikTok, as Oracle finds itself at the center of high-stakes negotiations to become one of the key investors in TikTok’s new U.S. business. Political news around the TikTok deal appears to have increased both excitement and uncertainty in the market,…
