On September 24, Oracle fell 3.93% in pre-market trading to $138.1/share, with turnover of $94.38 million, extending a multi-session slide that has seen shares decline roughly 25% year-to-date.

The decline comes amid multiple negative catalysts. A leaked internal layoff document revealed that Oracle's latest workforce reduction hit its cloud infrastructure division hardest, with 546 employees — 7.6% of the Americas cloud infrastructure organization's 7,185-person headcount — being cut. The affected roles include software developers (approximately 17% of those laid off) and senior leadership, including a vice president and two senior directors. The company has raised restructuring charges by $700 million to $2.8 billion to support its AI infrastructure expansion.

Adding to the pressure, Oracle's Project Jupiter data center in New Mexico has seen its approximately $18 billion in associated loans trade at 89 to 91 cents on the dollar, after S&P downgraded its credit rating to just one notch above junk. Meanwhile, options market activity has turned decidedly bearish, with large-block sellers targeting out-of-the-money calls at the $155 and $157.50 strikes, signaling institutional skepticism about near-term upside potential.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)