Facts
- Oracle (NYSE: ORCL) closed Wednesday, October 28, 2026, at $144.54, up 10.73%, on volume of about 79.1 million shares. That is roughly 161% above its three-month average of 30.4 million, Yahoo Finance reported.
- At its Investor Day, Oracle projected fiscal 2027 sales of at least $90 billion, up from $67.4 billion.
- The company also said it expects free cash flow to turn positive in the second half of fiscal 2028 and reach at least $30 billion in fiscal 2029.
- Oracle said vendor financing, customer-provided hardware and customer prepayments are expected to reduce its upfront cash requirements. Those are company projections, not results.
- Yahoo Finance noted that Oracle’s stock had fallen about 50% over the previous 12 months, so Wednesday’s gain came after a long decline.
- The S&P 500 closed at 7,744, up 0.28%. The Nasdaq Composite closed at 26,550, up 0.27%, according to Yahoo Finance.
- Wednesday was also the day the Federal Reserve held interest rates steady in a 10-2 vote. See our earlier report.
Source Read Yahoo Finance’s market recap here.
Image New York Stock Exchange building, 20231002 171816 by Jakub Hałun, licensed under CC BY 4.0.
