Shares of Oracle Corporation (ORCL) were up nearly seven percent in early trading Thursday morning, with shares of customer service software company salesforce.com, inc. (CRM) and eBay (EBAY) also outperforming a host of other local stocks.
On the flip side, stocks of Franklin Resources, Inc. (BEN) were down more than 1 percent in early trading, with Flextronics International Ltd. (FLEX) and Santa Clara-based Altera Corporation (ALTR) also down by less than a percent each.
In addition to leading the pack early trading stock value, Oracle had the most stocks changing hands Thursday morning at nearly 24 million. Cisco Systems, Inc. (CSCO) and Intel Corporation (INTC) were also trading at high volume.
The Dow Jones Industrial Average, overall, has been trending downward since the start of business Thursday. But it was up nearly a tenth of a percent and trending back upward as much of the Bay Area started getting into work.
In other stock news, Oracle reported that its shares, which were performing very well Thursday morning, surged as earnings rose past 35 percent. Also, Google, Inc. (GOOG) announced it has plans to create its own version of community info-sharing Web site Wikipedia.
About The Author
Staff Report
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Speaking of Business
More by Staff Report
-
New era brings changes to Examiner
- Jun 12, 2015
-
June 11: A.R. Rahman, Colleen and more
- Jun 11, 2015
-
Power of the press
- Jun 11, 2015
- More »
Latest in Business & Real Estate
Read Digital Edition
