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ORCL

Oracle

$45.97

-2.31 (-4.79%)

15:00
06/14/18
06/14
15:00
06/14/18
15:00

Oracle options volume 5x normal as shares slide

Oracle options volume 5x normal as shares slide. Shares below $46 following analyst downgrades with 100K contracts on the tape and a third of the flow in 6/22 weeklys expiring next Friday, which will capture earnings June 19th. 6/22 42.5 puts lead the most-actives with 10K contracts trading, most for 20c this morning when shares were near $46.01. Largest trade was a sweep buy of 1592 Jun 45.5 puts for 11c, opening, when shares were $46.19.

  • 19

    Jun

ORCL Oracle
$45.97

-2.31 (-4.79%)

06/14/18
JPMS
06/14/18
DOWNGRADE
Target $53
JPMS
Neutral
Oracle downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Mark Murphy downgraded Oracle to Neutral and lowered his price target for the shares to $53 from $55.
06/14/18
JPMS
06/14/18
DOWNGRADE
Target $53
JPMS
Neutral
JPMorgan downgrades Oracle after CIO survey shows spending contraction
JPMorgan analyst Mark Murphy downgraded Oracle (ORCL) to Neutral from Overweight and lowered his price target for the shares to $53 from $55. The stock closed yesterday down 18c to $48.27. The shares have risen from the $30s into the high $40s over the last two years, but the company's fundamental performance has remained inconsistent, Murphy tells investors in a research note. Further, the analyst notes that in his firm's recent survey of 154 chief investment officers, Oracle received the largest number of indications for planned spending contraction this year, materially more than the second-worst company. The CIOs indicate contraction in Oracle spending this year, placing the company alongside IBM (IBM), Checkpoint (CHKP), and CA (CA), Murphy contends. He notes the results of his firm's CIO surveys over the years "have been highly predictive."
06/14/18
NOMU
06/14/18
NO CHANGE
Target $60
NOMU
Buy
Oracle price target lowered to $60 from $64 at Nomura Instinet
Nomura Instinet analyst Christopher Eberle lowered his price target for Oracle to $60 ahead of the company's Q4 results on June 19. The analyst trimmed his estimates to account for currency and expectations for more modest revenue acceleration in fiscal 2019. He remains optimistic, however, on Oracle's transition and model growth reacceleration as the year progresses. Eberle keeps a Buy rating on the shares, which JPMorgan this morning downgraded to Neutral.
06/14/18
06/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Neutral from Overweight at JPMorgan with analyst Mark Murphy saying the shares have risen from the $30s into the high $40s over the last two years, but the company's fundamental performance has remained inconsistent. 2. Kohl's (KSS) downgraded to Neutral from Buy at Citi with analyst Paul Lejuez citing valuation. 3. Toll Brothers (TOL) downgraded to Hold from Buy at Zelman. 4. PGT, Inc. (PGTI) downgraded to Hold on valuation at Gabelli with analyst Alvaro Lacayo citing valuation. 5. XPO Logistics (XPO) downgraded to Neutral from Buy at BofA/Merrill with analyst Ariel Rosa citing limited upside following the recent gain in shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CRON

Cronos Group

$14.14

2.57 (22.21%)

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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AMZN

Amazon.com

$1,911.33

-29.87 (-1.54%)

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NAO

Nordic American Offshore

$0.94

-0.015 (-1.58%)

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CC

Chemours

$40.68

0.37 (0.92%)

11:00
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Repeat put buying in Chemours Company »

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NVS

Novartis

$84.55

-0.48 (-0.56%)

, TCEHY

Tencent

$0.00

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10:59
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Novartis, Tencent to partner, focus on cardiovascular disease, Bloomberg says »

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NVS

Novartis

$84.55

-0.48 (-0.56%)

TCEHY

Tencent

$0.00

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  • 19

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UNP

Union Pacific

$162.66

-1.04 (-0.64%)

10:58
09/19/18
09/19
10:58
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10:58
Recommendations
Union Pacific analyst commentary  »

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PDD

Pinduoduo

$23.56

0.92 (4.06%)

10:55
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10:55
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10:55
Options
Pinduoduo put volume heavy and directionally bearish »

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10:50
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General news
FX Action: USD-CAD »

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AN

AutoNation

$44.15

1.06 (2.46%)

, GM

General Motors

$35.69

0.58 (1.65%)

10:38
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AutoNation CEO Jackson to step down in 2019 after nearly 20 years »

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AN

AutoNation

$44.15

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GM

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$35.69

0.58 (1.65%)

F

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$9.79

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BRK.A

Berkshire Hathaway

$329,890.01

2310.01 (0.71%)

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  • 06

    Nov

GS

Goldman Sachs

$232.76

3.81 (1.66%)

, JPM

JPMorgan

$116.50

2.15 (1.88%)

10:37
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Periodicals
Goldman nearing deal to spin off fintech app 'Simon,' WSJ reports »

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GS

Goldman Sachs

$232.76

3.81 (1.66%)

JPM

JPMorgan

$116.50

2.15 (1.88%)

HSBC

HSBC

$44.01

0.72 (1.66%)

BCS

Barclays

$9.26

0.155 (1.70%)

WFC

Wells Fargo

$55.06

0.555 (1.02%)

CS

Credit Suisse

$15.30

0.21 (1.39%)

PRU

Prudential

$102.38

2.16 (2.16%)

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  • 20

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MRVL

Marvell

$18.60

-0.06 (-0.32%)

10:37
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INO

Inovio

$4.87

0.01 (0.21%)

10:36
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Conference/Events
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  • 24

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XYF

X Financial

$0.00

(0.00%)

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  • 19

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SPY

SPDR S&P 500 ETF Trust

$290.95

-0.01 (-0.00%)

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S&P 500

$0.00

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10:32
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General news
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FIT

Fitbit

$5.86

0.06 (1.03%)

, HUM

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$336.41

0.57 (0.17%)

10:31
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Hot Stocks
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AAPL

Apple

$215.54

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  • 27

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WMT

Walmart

$95.72

0.29 (0.30%)

, JSAIY

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WMT

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$95.72

0.29 (0.30%)

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$0.00

(0.00%)

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  • 28

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FIT

Fitbit

$5.87

0.07 (1.21%)

, HUM

Humana

$336.41

0.57 (0.17%)

10:29
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Fitbit

$5.87

0.07 (1.21%)

HUM

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  • 27

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