I was checking oracle stock on google finance and it is down about 50% in after hours trading. Is after hours trading this volatile? Oracle isn't the only stock to go down 50% after hours. Is someone goosing this price or is it a mistake? http://www.google.com/finance?q=orcl
It's a bad quote of some sort and if there was a trade it will surely be broken. If ORCL was down 50%, it would be the top story on most financial news sites (unless it was down because of some huge disaster in which case that would be the big story.)
Someone playing a prank?? http://dynamic.nasdaq.com/dynamic/afterhourma.stm INTC is also down 50% along with a dozen other companies.
ery impressive also has been the deal making thus far in 2009. Most recently the Oracle (ORCL)| of Redwood, Larry Ellison, pounced on a bride left at the alter, Sun Micro (JAVA). Will [[IBM]] reenter the fray? IBM, for now, says not. But, the real story is the magnitude and swiftness of the deals being done in 2009 and the manner. http://stock-market-news.net/content/view/4654/
With 4.98 Billion shares out, I have serious doubts that ORACLE will drop nearly 50% as a result of 171 K shares trading after hours. The only other way that would happen is if ORCL were to announce a split, which I hope they do soon. Problem Source: Likely manual date entry. Hopefully I won't have to eat my words again. Back to bed.