Oracle Corporation (ORCL): Today's Featured Computer Software & Services Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Oracle Corporation (ORCL) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 1.5%. By the end of trading, Oracle Corporation fell $1.08 (-3%) to $35.13 on average volume. Throughout the day, 23.3 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 21.2 million shares. The stock ranged in price between $35.03-$36 after having opened the day at $35.81 as compared to the previous trading day's close of $36.20. Other companies within the Computer Software & Services industry that declined today were: Changyou.com (CYOU), down 9.9%, Perion Network (PERI), down 9.8%, Glu Mobile (GLUU), down 7.9%, and China Information Technology (CNIT), down 7.4%.
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