Oracle (ORCL) stock opened at $141.56 on Friday, a level below both its 50-day moving average of $146.35 and its 200-day average of $159.03, according to CoinCentral.

Director Makes First Open-Market Purchase

A board member stepped in to buy the dip. Director Stephen Rusckowski purchased 25,000 shares of Oracle on Sept. 29 at prices ranging from $138.96 to $139.74, for a total of roughly $3.5 million.

The transaction marked his first open-market purchase since joining Oracle's board nearly a year ago; before that, his only additions had come through two restricted stock unit awards. The buy was executed through a living trust in his name. The trust held 25,390 shares, valued at $3.6 million at Wednesday's close of $143.56, and he owns an additional 60 shares directly. Filings like this one tend to draw attention because open-market purchases commit a director's personal capital at prevailing prices, in contrast to RSU awards, which are granted as compensation.

Rusckowski is the former CEO and president of Quest Diagnostics. He first disclosed ownership of Oracle stock on Nov. 18, 2025.

OpenAI Revenue Headlines Keep Moving the Stock

Oracle received a lift on Sept. 29 after a report placed OpenAI's annual recurring revenue near $70 billion. OpenAI is a key Oracle customer, making those figures consequential for the stock. Because OpenAI is privately held and does not publish financial statements, its revenue numbers typically reach the market through press reports, and estimates can vary depending on how they are calculated.

Shares gave back some of the gain on Thursday, however, after a later report put OpenAI's annualized revenue at roughly $50 billion — below the $68 billion figure that had been circulating. According to the reports, the gap stems from measurement and accounting differences rather than weaker demand. Still, the discrepancy renewed concerns about Oracle's reliance on a small number of large AI customers.

Other concerns linger as well. Reports indicate Oracle is seeking large-scale private financing to purchase AI chips — a reflection of how capital-intensive the AI buildout is, with advanced chips and gigawatt-scale data centers among the largest cost items — and options activity has leaned toward bearish call spreads. Investment firm Mar Vista also disclosed that it exited its Oracle position, saying the rally had reduced its margin of safety.

Insider Sales, Earnings and Analyst Views

Other insiders have been selling. Oracle insiders sold approximately $5.34 million worth of stock over the last 90 days, including a sale by CEO Michael Sicilia, who disposed of 22,562 shares on Sept. 22 at $151.59 under a pre-arranged Rule 10b5-1 plan. Such plans allow insiders to schedule trades in advance, a structure designed to shield sales from claims of trading on material nonpublic information — a contrast with the director's discretionary open-market purchase above.

Oracle reported earnings on Sept. 10, delivering earnings per share of $1.92 against a $1.74 estimate, while revenue rose 29.6% to $19.34 billion. The company guided second-quarter fiscal 2027 EPS to a range of $1.85 to $1.93 and declared a $0.50 quarterly dividend, payable Oct. 23 to shareholders of record on Oct. 9.

Mizuho added Oracle to its top picks with a $320 price target, citing demand for cloud infrastructure and AI services. The company is also trucking natural gas to keep data center construction on schedule, including its 2.45 gigawatt project in New Mexico.

On the institutional side, Valley Wealth Managers increased its Oracle stake by 5.2% in the third quarter, bringing its holdings to 147,787 shares valued at about $20.3 million. Institutions own 42.44% of the company.

Oracle carries a market capitalization of $428.03 billion and a P/E ratio of 22.19. Analysts on average rate the stock a Moderate Buy, with a consensus price target of $251.72.

Technical Picture

Per the chart analysis cited in the report, Oracle's daily chart shows a stock that has steadied after its slide from the June peak. Since the $114.50 low in late July, the price has formed higher lows along a rising trendline. The latest close of $141.40 — up 4.21% — bounced off that trendline and a support zone near $135 to $140. Resistance sits at $150 to $155, followed by $172 to $180.

The RSI reads 48.18, a neutral level. The MACD is flat at approximately -1.74 and -1.77, suggesting downside momentum is fading, though no bullish crossover has yet formed.

The analysis notes that a close below the trendline and the $135 level could open the door to $114.50, while holding above would keep the higher-low structure intact. A move through $155 would be the first sign that buyers have regained control. For readers following the story, near-term markers include the Oct. 9 dividend record date, further clarity on OpenAI's figures and the outcome of Oracle's financing efforts.

This article is based on reporting originally published by CoinCentral.