In the latest trading session, Oracle (ORCL) closed at $89.64, marking a -0.07% move from the previous day.
Many investors are likely wary of buying stocks after the market's dismal performance in 2022. Inflation, rising interest rates, and other macro headwinds battered the market and deflated many high-growth stocks which had soared in 2020 and 2021. Meta, once known as Facebook, lost more than half its value over the past 12 months as investors fretted over the slowing growth of its advertising business and its obsession with the unprofitable metaverse.
To help organizations increase the efficiency of global supply chains, Oracle is introducing new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to Oracle Transportation Management (OTM) and Oracle Global Trade Management (GTM), part of Oracle Cloud SCM, help customers reduce costs, improve accuracy, automate regulatory compliance, and enhance logistics flexibility.