Oracle Jumped the Most in the SP500

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Oracle Jumped the Most in the SP500

Published on Tuesday, 07 September 2010 16:45 Written by Danny Miller

orcl New York, September 7^th (Tradershuddle.com) – Shares of Oracle (NASDAQ:ORCL) jumped the most in the S&P 500 after its shares rallied 5.87% to $24.26.

Oracle (NASDAQ:ORCL), the enterprise information management software provider, gained after the company announced that it had hired Mr. Mark Hurd, Hewlett-Packard’s former CEO, as co-president. The news prompted Goldman Sacks to add Oracle in its coveted Conviction Buy List.

Hewlett Packard (NYSE:HPQ) said late in the trading session that it has filed suit against Mr. Hurd to stop him from taking the job at Oracle.

The move to the upside came with very strong average volume; 112.2 million shares traded, 4.11 times Oracle’s average 90day volume of 27.3 million shares.

The stock's 52-week low is $20.10 and its 52-week high is $26.63.

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