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How to Buy Oracle Stock [2024]

How to Buy Oracle Stock [2023]
Bogdan Stojkov

Summary: Oracle (NYSE: ORCL) is a multinational technology corporation renowned for its innovative software, cloud solutions, and hardware products. One of the most convenient ways to buy Oracle stock is to register an account with a reputable broker platform like eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Oracle

Oracle is a computer technology company known for its software, cloud solutions, and hardware products. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, Oracle has grown into one of the world’s largest and most influential technology firms.

Oracle homepage. Source: oracle.com

The company specializes in developing and marketing database management systems, cloud infrastructure, and enterprise software. With a strong focus on innovation, Oracle plays a crucial role in shaping the digital landscape for businesses worldwide.

Oracle IPO

Oracle went public on March 12, 1986, and it’s currently trading on the New York Stock Exchange (NYSE) under the ticker symbol ORCL. Since its IPO, Oracle has consistently been a part of major stock indices, such as the S&P 500, making it an attractive option for investors seeking stability and growth in the technology sector.

How to buy Oracle stock: Step-by-step

If you’re looking to buy Oracle stock, you can follow our step-by-step guide right here.

Step 1: Choose a broker

The first step in buying Oracle stock is to choose a reputable brokerage platform. For those unaware, a brokerage acts as an intermediary, facilitating the buying and selling of stocks on your behalf. That said, our go-to broker is eToro, as it offers:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

When selecting a broker, it’s best to consider factors such as fees, user interface, research tools, and customer support. Also, many brokers offer educational resources for novice investors, helping them make informed decisions.

Step 2: Fund your account

Once you’ve chosen a broker, the next step is to fund your account. This involves depositing money into the brokerage account you’ve opened. Most brokers offer various funding options, including bank transfers and electronic funds transfers.

Step 3: Place an order to buy Oracle stock

With your account funded, you’re ready to place an order for Oracle stock. Hence, let’s take a look at the basic order types:

  • Market order: A request to buy or sell a stock at the current market price;
  • Limit order: A request to buy or sell a stock at a specific price or better;
  • Stop order: A request to buy or sell a stock once it reaches a specific price.

Choose the order type that aligns with your investment strategy. However, keep in mind that stock prices can fluctuate, so it’s crucial to monitor your investments regularly.

Oracle stock price today

Pros and cons of buying Oracle stock

Pros

Pros

  • Stability and longevity: Oracle has a long history of stability and longevity in the tech industry;
  • Innovation: The company continues to invest in research and development, staying at the forefront of technological advancements;
  • Global presence: Oracle’s global reach provides exposure to various markets and industries.
Cons

Cons

  • Competition: The technology sector is highly competitive, and Oracle faces competition from other major players;
  • Market fluctuations: Like any stock, Oracle’s share price can be influenced by market fluctuations and economic conditions;
  • Dependency on enterprise spending: Oracle’s revenue is closely tied to corporate spending on enterprise software and services, making it susceptible to economic downturns.

If you’re looking to invest in other major tech giants, you can check out our other guides, including:

Common mistakes to avoid when buying stocks

Investing in stocks can be challenging, especially for beginners. Here are some common mistakes to avoid:

  • Lack of research: Failing to research and understand the company and its industry can lead to uninformed investment decisions;
  • Emotional investing: Making decisions based on emotions rather than rational analysis can lead to poor outcomes;
  • Ignoring fees: Overlooking transaction fees and other costs associated with buying and selling stocks can impact your returns.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Oracle stock

Can I buy Oracle stock directly from the company?

No, individual investors typically buy and sell stocks through brokerage platforms, one of which is eToro.

How to buy oracle stock online?

To buy Oracle stock online, you first need to open an account with an online brokerage. Once your account is set up and funded, search for Oracle Corporation’s stock symbol ORCL. Then, you can place an order to buy the stock at the current market price or set a limit order at your desired price. After your order is executed, the Oracle shares will be added to your portfolio.

How much money do I need to start investing in Oracle?

The amount you need to start investing in Oracle depends on the current share price and the number of shares you want to purchase. Nevertheless, many brokers have no minimum investment requirements.

Is it a good time to buy Oracle stock now?

The decision to buy stocks depends on your investment goals, risk tolerance, and market conditions. It’s, therefore, best to conduct thorough research or consult with a financial advisor before buying anything.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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