Truces Call By Bulls and Bears: Oracle Corporation (NYSE:ORCL), Capital Product Partners (NASDAQ:CPLP)

Oracle Corporation (NYSE:ORCL) [Trend Analysis] luring active investment momentum, shares a gain 0.20% to $39.27. The U.S. Department of Labor is suing Oracle (ORCL), alleging the company pays white men more than women and minorities working in the same jobs. But an Oracle representative blasted the lawsuit, saying it was “politically motivated.

“In addition to the alleged compensation discrimination against female, African American and Asian employees, the federal lawsuit filed on Wednesday also says the Redwood City-based tech corporation favored Asian workers in its recruiting and hiring practices, which resulted in hiring discrimination against non-Asian applicants.

Oracle (Nasdaq: ORLC) spokesperson Deborah Hellinger sent the Silicon Valley Business Journal the following statement: “The complaint is politically motivated, based on false allegations, and wholly without merit. Oracle values diversity and inclusion, and is a responsible equal opportunity and affirmative action employer. Our hiring and pay decisions are non-discriminatory and made based on legitimate business factors including experience and merit.” The total volume of 487191 shares held in the session was surprisingly higher than its average volume of 12768.46 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -6.30%, and looking further price to next year’s EPS is 9.05%. While take a short look on price to sales ratio, that was 4.31 and price to earnings ratio of 18.79 attracting passive investors.

Shares of Capital Product Partners L.P. (NASDAQ:CPLP) [Trend Analysis] runs in leading trade, it surging 5.07% to traded at $3.52. The firm has price volatility of 2.64% for a week and 2.88% for a month. Its beta stands at 1.69 times. Capital Product Partners L.P. (NASDAQ: CPLP) declared that its board of directors has declared a cash distribution of $0.08 per common unit for the fourth quarter of 2016 ended December 31, 2016, which represents an increase of $0.005 from $0.075 per unit for the third quarter of 2016. The fourth quarter common unit cash distribution will be paid on February 15, 2017 to common unit holders of record on February 6, 2017. Narrow down four to firm performance, its weekly performance was 4.36% and monthly performance was 12.42%. The stock price of CPLP is moving up from its 20 days moving average with 8.88% and isolated positively from 50 days moving average with 14.45%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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