Jefferies flags ORCL sentiment near peak-negative; stock seen at turning point
Jefferies said investor sentiment toward ORCL is “near peak-negative” and that much of the bad news may already be priced in, as shares were on track for a fourth straight session decline.
Oracle (ORCL) shares were on track to fall for a fourth consecutive session Wednesday, but Jefferies said sentiment toward the stock is "near peak-negative" and much of the bad news may already be priced in.In a note to investors cited by TheFly, Jefferies analyst Brent Thill lowered the firm's pri…