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Bank OZK triples Oracle stock holdings despite Oracle’s recent stock drop following layoffs and executive departure.
Bank OZK has increased its Oracle Corporation stock holdings by 388.6%, now owning 10,353 shares.
Oracle recently reported better-than-expected earnings and a 11.3% increase in revenue.
Despite these positives, Oracle's stock dropped nearly 3% on August 19, following reports of layoffs in its cloud unit and the departure of Chief Security Officer Mary Ann Davidson.
Oracle's stock is currently valued at $248.80 pre-market, with analysts maintaining a "Moderate Buy" rating and a target price of $227.04.
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Bank OZK triplica las tenencias de acciones de Oracle a pesar de la reciente caída de las acciones de Oracle tras los despidos y la salida de ejecutivos.