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Chevron Rises, Oracle Drops, Roblox Gains as Wedbush Says New Tools Can Accelerate Growth
Description
On this episode of Stock Movers:
- Chevron (CVX) shares rise. Chevron Corp. is considering investing in European liquefied natural gas import capacity, but needs greater clarity on the bloc's methane rules before making a long-term commitment. The company is interested in building out regasification capacity as part of an expansion of its pipeline-gas business in Europe, which would allow it to deliver imported gas directly into the continent's grid.
- Oracle (ORCL) drop following a disclosure that co-founder and Chief Technology Officer Larry Ellison canceled a plan to sell company shares.
- Roblox (RBLX) shares gain. Roblox announced new tools and features at its annual developers conference, which could help accelerate growth according to Wedbush.
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