Oracle Drops, Lennar Falls, Medline Surges
On this episode of Stock Movers:- Oracle (ORCL) shares are down 5.3% on Wednesday, after the Financial Times reported that Blue Owl Capital will not back a $10 billion deal for the software giant’s next data center. Subsequently, an Oracle spokesperson said that Blue Owl is out of the data center deal, but that it remains on schedule. - Lennar (LEN) shares fall 3.8% in premarket trading after the homebuilder forecast 1Q orders, deliveries and margins all below expectations, signaling strains on the housing market despite a lower interest rate. The builder also posted lower-than-expected…
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