Oracle’s stock falls toward record-long losing streak in wake of Cerner…

Oracle's stock falls toward record-long losing streak in wake of Cerner...


Shares of Oracle Corp.
ORCL,
-0.56%
slipped 0.3% in afternoon buying and selling Friday, placing them on observe to increase their shedding streak to 11 periods. That may be the longest such streak since Oracle went public in March 1986, based on Dow Jones Market Knowledge. The database large’s inventory has now tumbled 15.3% because it final gained floor, when it rose 3.8% on Dec. 15 to shut at a document $103.65. Highlighting the shedding streak was the 11.2% drop in two days to Dec. 20, after The Wall Road Journal reported, and Oracle confirmed, that it agreed to purchase medical-records firm Cerner Corp.
CERN,
-0.11%
in a deal valued at $28.3 billion. Regardless of the record-long shedding streak, Oracle’s inventory has nonetheless run up 35.7% this yr, whereas the SPDR Expertise Choose Sector ETF
XLK,
-0.19%
has climbed 34.1% and the S&P 500
SPX,
+0.05%
has superior 27.3%.



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