Oracle Stock Just Hit a 52-Week Low. Is It Time to Give Up, or a Long-Term Buying Opportunity?
Just when it looks as if it can't sink any lower, the sell-off worsens. This discounting can't go on forever, though.
Overview
It's been a tough past few months for Oracle (NYSE: ORCL) shareholders. Very tough. This tech stock is now down 63% from September's peak and deep into new 52-week low territory.
There's no uncertainty as to why, either. Oracle is spending a fortune on artificial intelligence infrastructure, with no guarantee that those investments will pay off in the near or distant future. The company has also laid off roughly 21,000 workers -- about 13% of its workforce -- over the course of the past year. It's not exactly a sign of confidence in its future.
Details
The sellers, however, have arguably overshot their target.
Source
Originally published at www.fool.com.