Shares of Oracle Corp. ORCL, 1.18% inched 0.95% higher to $95.29 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, 0.27% falling 0.69% to 4,361.19 and Dow Jones Industrial Average DJIA, 0.29% falling 0.72% to 34,496.06. This was the stock’s third consecutive day of gains. Oracle Corp. hit a new 52-week high, surpassing its previous peak of $95.02, which the company achieved on October 8th.
The stock outperformed some of its competitors Monday, as Microsoft Corp. MSFT, 0.17% fell 0.21% to $294.23, Adobe Inc. ADBE, 1.51% fell 0.66% to $573.07, and Salesforce.com Inc. CRM, 2.33% rose 0.47% to $273.75. Trading volume (13.0 M) eclipsed its 50-day average volume of 10.4 M.