Why Oracle Rallied Yet Again Today
The big client behind Oracle's cloud backlog got great funding news today, and Oracle appears to be nearing a deal for TikTok. Also, new CEOs were selected.Shares of Oracle (ORCL -4.01%) were taking off again today, rising 6.7% on Monday.After revealing a massive increase in its cloud business earlier this month, Oracle was yet again in the news today in several ways.First, the company announced two co-CEO successors to current CEO Safra Catz, who announced she would be retiring soon. Second, Oracle appears ...