Oracle Shares Plunge From $328 Peak After Massive Backlog and Revenue Obligations
Updated
Updated · Seeking Alpha · Jul 7
Oracle Shares Plunge From $328 Peak After Massive Backlog and Revenue Obligations
3 articles · Updated · Seeking Alpha · Jul 7
Summary
$328 marked Oracle's peak last September, and the stock has since fallen sharply.
Oracle's slide followed a report showing a massive increase in order backlog alongside an immense amount of revenue obligations.
The selloff suggests investors turned against the stock despite the scale of contracted demand, focusing instead on the weight and implications of those obligations.