Oracle stock drops below crucial support as its bond yields jump: now what?

Oracle (ORCL) kept falling this week to its lowest level since April last year, down more than 62% from its all-time high. The decline has also cut Larry Ellison’s net worth by about $60B this year to $187B. The magnitude of the drawdown signals sharply deteriorating investor sentiment and elevated downside momentum for the stock.

Analysis

Oracle (ORCL) kept falling this week to its lowest level since April last year, down more than 62% from its all-time high. The decline has also cut Larry Ellison’s net worth by about $60B this year to $187B. The magnitude of the drawdown signals sharply deteriorating investor sentiment and elevated downside momentum for the stock.