Oracle Corporation (NASDAQ:ORCL) will be replaced by Tesla Motors, Inc.

802

Dallas, Texas 07/10/2013 (Financialstrend) – Shares of Oracle Corporation (NASDAQ:ORCL) have been continuously declining after the recent announcement that the company will be replaced by Tesla Motors, Inc. in the composition of the NASDAQ 100 Index. Owing to the increase in market capitalization of the electric vehicles manufacturer, the company managed to enter into the prime NASDAQ 100 Index by replacing Oracle Corporation (NASDAQ:ORCL).

Furthermore, the shares of Oracle Corporation (NASDAQ:ORCL) will be trading ex-dividend from July 10 2013. The company announced that the shareholders of Oracle Corporation (NASDAQ:ORCL) will be paid a dividend of 12 cents per share. The dividend will be paid on August 02, 2013 and all the shareholders who hold the shares of Oracle Corporation (NASDAQ:ORCL) as of the market close of July 10, 2013 will be entitled to receive it.

The recently announced cash dividend payment of $0.12 per share declined by 33.33 percent compared to the dividends paid in the previous quarter of this fiscal year.

After reaching the intraday high price of $31.60, the share price of Oracle Corporation (NASDAQ:ORCL) closed at $31.51 with an intraday low price of $31.23. The share price of Oracle Corporation (NASDAQ:ORCL) decreased by 0.41 percent, closing on Tuesday at $31.50. The 52-week high price of Oracle Corporation (NASDAQ:ORCL) is $36.43 and the 52-week low price stood at $28.61. With 4.71 billion total outstanding shares, the market capitalization of Oracle Corporation (NASDAQ:ORCL) is $148.46 billion. The intraday share trading volume for yesterday was 28.85 million, whereas the average trading volume of Oracle Corporation (NASDAQ:ORCL) heads up to 31.34 million. Institutional ownership in Oracle Corporation (NASDAQ:ORCL) records a contribution of 62 percent of the company’s total outstanding shares.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.