Oracle Stock Soars 39% After Gartner Recognition

(RTTNews) - Oracle Corporation (ORCL) surged 38.76 percent to $335.11 on Wednesday, climbing $93.60, after being named a Leader in the Gartner Magic Quadrant for Distributed Hybrid Infrastructure for the third consecutive year. The stock opened at $319.19 and traded between $312.10 and $345.72, compared with a prior close of $241.51 on the New York Stock Exchange. Trading volume spiked to 94.9 million shares, well above the average of 14.4 million. Oracle now trades within a 52-week range of $118.86 to $345.72.

Oracle was positioned furthest in completeness of vision among all evaluated vendors, strengthening investor confidence in its cloud and infrastructure strategy.