With Hurd As New Pres, Oracle Jumps Pre-Market

Posted in pre-market 
September 7th, 2010

IT appears that morning traders seem to approve of Software giant Oracle Corporation’s (NASDAQ: ORCL) acquisition of former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd. As of 8:41AM EDT, the stock is up $1.64 (7.16%) to $24.56. ORCL has already traded 1.91 million shares, with an average daily volume of 25.2 million.

Hurd resigned from HP recently after a fiasco involving sexual harassment charges and account inaccuracies.

-Michael B. Sauter

Comments are closed