Oracle Shares Seesaw After Company Announces $50 Billion Fundraising Plan
Software giant, Oracle Corporation (NYSE:ORCL) , has revealed that it is planning to raise between $45 billion and $50 billion in 2026 for the expansion of its cloud infrastructure capacity. • Oracle stock is trading near recent lows. What should traders watch with ORCL?Oracle’s debt insurance cost against default reached a five-year peak in December last year. Since its peak in September, Oracle's stock has plummeted 50% and fallen a further 11% following disappointing quarterly results in December, report ...