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Why Is Oracle (ORCL) Stock Rocketing Higher Today
Shares of enterprise software giant Oracle (NYSE:ORCL) jumped 7.3% in the morning session after reports surfaced that TikTok's parent company, ByteDance, agreed to form a U.S. joint venture that would grant a group of American investors, led by Oracle, a controlling interest in the popular app's U.S. operations.
Why HEICO (HEI) Stock Is Up Today
Shares of aerospace and defense company HEICO (NSYE:HEI) jumped 4.1% in the morning session after the company reported strong third-quarter results that surpassed analyst expectations for both revenue and profit.
Scholastic (SCHL) Stock Trades Down, Here Is Why
Shares of educational publishing and media company Scholastic (NASDAQ:SCHL) fell 2.5% in the morning session after the company reported mixed fourth-quarter results that included a revenue miss and weak full-year guidance.