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Airlines Soar, Oracle Sinks, Intel Gains
Description
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Airlines such as United Airlines (UAL) and Delta (DAL) soar after President Donald Trump said he canceled planned military strikes against Iran. UAL gains 6.74% while DAL gains 5.15%
- Oracle (ORCL) shares fall as much as 12% in premarket trading on Thursday after the software company reported quarterly capital expenses that were higher than estimates, driven by increased data center spending. The heavy spending overshadowed fourth-quarter results that were slightly better than expected on key metrics, including cloud infrastructure revenue.
- Intel (INTC) shares rose as much as 12% after BofA Global Research raised its recommendation to buy from underperform on expected growth from central processing unit sales.
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