Morning stock check: Oracle up, Franklin Resources down

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.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

SF officer involved in shooting death of homeless man quit while facing discipline, landed new job in Antioch

An officer who faced discipline for needlessly escalating a confrontation that led… Continue reading

Thousands flood Mission District for youth-led George Floyd protest

As civil unrest over the killing of George Floyd continued Wednesday in… Continue reading

Vallejo police officer kills SF man after mistaking hammer for gun

A Vallejo police officer fatally shot a man suspected of looting who… Continue reading

Breed closes nearly $250M budget deficit in current fiscal year

Cuts include street repaving, firefighting hose tender trucks, childcare subsidies

DA drops charges against man seen in video of officer using knee restraint

Footage leads to calls for SF police to explicity ban move used in death of George Floyd

Most Read