Oracle stock jumps nearly 5% after board exits; what’s next for ORCL
Oracle shares rose 4.7% to $198.52 Friday after the company disclosed the immediate retirement of directors George H. Conrades and Naomi O. Seligman. The stock briefly topped $200 as investors weighed Oracle’s $15 billion increase in data-center spending plans and awaited its earnings report. Trading volume reached 26 million shares.