Oracle Drops, Centene Rises, UPS Falls After Stock Downgrade
On this episode of Stock Movers:
- Oracle (ORCL) shares drop after a historic day. Oracle's stock surged to a record in a four-day stretch of gains; adding $89 billion to Larry Ellison's coffers in one day.
- Centene (CNC) shares rise after the health insurer gave positive views of its Medicare Star ratings and said it expects costs improvement in its Medicaid business.
- UPS (UPS) shares fall after the stock was cut to underperform at Bank of America citing the end of the de minimis exemption; BofA also cut Fedex to neutral from buy.
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