13F Shows Appaloosa LP Increased Stake in Oracle Corp by 975K Shares, or +74%, to 2.3M Shares, Valued at $288.90M
Portfolio Pulse from Benzinga Newsdesk
Appaloosa LP has significantly increased its stake in Oracle Corp by 975,000 shares, a 74% increase, bringing its total holdings to 2.3 million shares valued at $288.90 million.
May 15, 2024 | 8:25 pm
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POSITIVE IMPACT
Appaloosa LP has increased its stake in Oracle Corp by 975,000 shares, a 74% increase, bringing its total holdings to 2.3 million shares valued at $288.90 million. This significant increase in holdings by a prominent investment firm could positively influence Oracle's stock price in the short term.
The substantial increase in shares held by Appaloosa LP, a well-known investment firm, signals strong confidence in Oracle Corp's future performance. This could attract other investors and positively impact Oracle's stock price in the short term.
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