Oracle (ORCL) plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale, the company said late Wednesday.

Wedbush cut its price target for Oracle's shares to $240 from $275, citing the debt raise.

Shares dropped 12%, with intraday trading volume rising to more than 41.4 million from the stock's daily average of about 26.1 million.

Atossa Therapeutics (ATOS) entered into a registered direct offering targeting gross proceeds of up to $16.5 million, the company said Thursday.

Shares dropped 42%, with intraday trading volume rising to more than 1.1 million from the stock's daily average of 60,349.

Oxford Industries' (OXM) shares slumped 18% after the clothing firm reported late Wednesday a fiscal Q2 sales outlook below analyst estimates, while Q1 adjusted earnings and revenue declined from a year ago.

More than 958,000 shares of the company traded intraday compared with a daily average of about 347,000.

Price: 178.43, Change: -22.84, Percent Change: -11.35