Oracle stock slumps, Apple shares steady and other stocks on the move

Apple, WestRock and Oracle are the stocks in the spotlight.

Apple stock AAPL, +0.66% inched 0.1% higher ahead of the presentation of its new iPhone. The stock has dropped 5% over the last five sessions on China concerns.

Shares of convenience-store chain Casey’s General Stores Inc. CASY, -1.02% were up 4% after its first-quarter per-share profit and same-store sales inside its retail locations topped Wall Street’s estimates. WestRock WRK, -1.48% stock jumped 8% to $36.84, after agreeing to merge with Smurfit SKG, -9.26% in a deal the companies say is valued at $43.51 per WestRock share. The terms call for the Irish acquirer to hold 50.4% of the combined company. The bid is one Smurfit share plus $5 in cash for each WestRock share.Oracle Corp. shares ORCL, +0.31% dropped 9% after the cloud database company’s issued revenue outlook fell below Wall Street expectations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These Stocks Are Moving the Most Today: Oracle, Apple, Tesla, WestRock, Acelyrin, and MoreOracle's revenue outlook disappoints, Apple kicks off its annual fall launch event, Tesla falls a day after surging 10%, and WestRock signs an agreement to...
Read more »

1 Stock to Buy, 1 Stock to Sell This Week: Oracle, AppleStocks Analysis by Investing.com (Jesse Cohen) covering: Oracle Corporation, Apple Inc, Oracle Corp, Apple Inc DRC. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »

Apple Stock, Adobe, Oracle, Moderna, Lennar, Inflation Data, and More to Watch This WeekThe Consumer Price Index is expected to be up 3.6%. Results from Oracle, Adobe, and Lennar. And a policy decision from the European Central Bank.
Read more »

Smurfit Kappa Smurfit WestRock to Be Led by Tony Smurfit as CEOBy Ian Walker Smurfit Kappa Group and WestRock Co. have formally signed a merger agreement as first outlined last week, creating a global paper and packaging...
Read more »

Packaging giant Smurfit Kappa's shares fall 11% after WestRock merger announcementThe companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world.
Read more »