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Oracle Stock Slides to 52-Week Low Support, Hits $140.64 on Monday as Retail Traders Turn Bullish

GateNews
ORCL-3.93%

Oracle (ORCL) stock dipped 0.2% in premarket trading on Monday (July 13), approaching a key support level at $134 following a 43% slide since early June. The pullback is fueling optimism among retail traders ahead of the second-quarter earnings season.

On Stocktwits, sentiment jumped to 'bullish' in July. According to Koyfin data, 37 of 43 analysts rate the stock 'Buy' or higher, with an average price target of $281.85, implying 75% upside from the last close of $140.64. Retail traders see the stock as oversold, though some note the high volatility and concentration risk from major customers like OpenAI.

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