Here are how many traders expect oracle actions to move after profits

The Oracle Software Company (ORCL) should publish fourth quarter tax profits after the bell on Wednesday, and traders see the potential for action to reach a record on results.

Oracle shares should move around 7.2% in both directions by the end of the week, according to the pricing data of the options. This would put the shares at around $ 190, their highest price this year and only 1% of a record, or about $ 164, which would erase the action of action so far this month.

Oracle shares have not increased regularly in recent weeks, investors, investors have adopted the trade in AI in decreasing economic uncertainty. Actions increased by around 45% since the start of the year up to date in mid-April, and about 7% since the start of the year.

Oracle shares moved an average of 8.6% the day after its last four reports on the results. Oracle has missed sales and adjusted profits in each of its last two reports, lowering shares by 3.1% after profits in March and 6.7% in December. Shares jumped two -digit in the previous two quarters after announced that Cloud Computing has agreements with Amazon (AMZN), Microsoft (MSFT), Openai and Alphabet Google (Googl).

Wall Street is divided on the prospects for Oracle Stock. Of the 13 Oracle analysts followed by Visible Alpha, 6 recommend buying the action and 7 have given it a “maintenance” note. The average price target of $ 174.42 is approximately 2% lower than the action price of the action on Tuesday.