Boston, MA, 07/15/2013 (nysepost) - The shares of Oracle Corporation (NASDAQ:ORCL) plunged to close at $31.25 in the trading session of Friday, July 12. This closing figure demonstrates a fall of 1.91%. After opening at $31.90, the stock exhibited an intraday high of $32.00 prior to closure. With average volume as high as 37.02 million shares in last 90 trading sessions, almost 157.68 million shares traded in the session of Friday, very high compared to the average volume. This high volume was traded after the announcement by the Company pertaining to Cloud Application Foundation’s availability. This is the highest ranked application foundation across conventional and cloud environments.
Oracle Corporation (NASDAQ:ORCL) is a provider of products and services for computer hardware and enterprise software. All of the businesses of the Company, software, services and hardware systems engage in development, manufacture, as well as marketing. The company has technology at the forefront. For example, Oracle’s Taleo, is a staple business platform for customer tracking as well as applicant tracking.
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Larry Ellison, the CEO of Oracle Corporation (NASDAQ:ORCL), is quite frequently on headlines. The compensation packages of big Companies’ CEOs were analyzed by Bloomberg and it has revealed the names of the people who will earn the maximum in the current year given their stock holdings. The top one in the list is Larry Ellison. The package for the CEO is a massive $96.2 million, which is almost 20 million more than the second CEO on the list, Elon Musk of Tesla. Bloomberg further reports that $90.7 million of the package of Oracle Corporation’s (NASDAQ:ORCL) CEO consists of stock options. Larry Ellison has approximately $39 billion as a personal fortune and most of this fortune is held in the company’s stock. Regrettably for the CEO, the shares of the company have plunged 4 percent this year and therefore the compensation may increase in case the stock turns around.