Why Oracle Stock Popped Today
Citi says the bad news is priced in -- and now it's time to buy Oracle stock.
Overview
Oracle (NYSE: ORCL) stock jumped 4.5% through 9:50 a.m. ET Wednesday, and you can thank Citigroup for that.
In a note covered on StreetInsider.com this morning, Citi argues that "one of the most extreme dislocations and drawdowns in the stock's history" has made Oracle stock a buy.
Image source: Oracle.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.