Oracle stock falls premarket on $20 billion capital raise
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Oracle Corporation (NYSE:ORCL) fell 3.21% in premarket after it filed to raise $20 billion through a $10 billion note sale and a concurrent $10 billion common stock offering. Warning! GuruFocus has detected 5 Warning Signs with ORCL. Is…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA raise of this size can weigh on the stock through dilution and higher leverage.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Oracle filed to raise $20 billion through a $10 billion note sale and a $10 billion common stock offering.
- 02The stock fell 3.21% in premarket trading.
- 03Total debt was $125.3 billion as of August 31.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets