Oracle Corp. (ORCL) continues to work its way back up the rankings in the SIA S&P 100 Index Report. ORCL spent much of 2023 in the green zone but drifted down from the top of the report down into the red zone between July and December.
Since the start of this year, Oracle’s relative strength has rebounded. Yesterday, the stock jumped 11.75% as traders responded positively to better than expected earnings driven by increased AI related demand for its cloud computing services. This propelled the shares up 13 positions within the Yellow Neutral Zone to 29th place, three spots away from a return to the green zone.
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