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

📆 12/09/2023 14:29:00
📰 MarketWatch

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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.

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