WISH - Hot Stocks: ORCL earnings RBLX May metrics disappoint DKNG falls on short call management changes at SBUX
monsitj/iStock via Getty Images A big earnings announcement claimed the spotlight after the closing bell Tuesday, with enterprise software maker Oracle (ORCL) releasing its quarterly report. Starbucks (SBUX) was another big name to make news in the after-hours timeframe. The chain of coffee shops named a new chief operating officer. Meanwhile, the trading day saw a sharp decline in shares of DraftKings (DKNG) on a short call related to alleged connections to illegal gambling. Meme stocks, like AMC (AMC) and ContextLogic (WISH), received attention, with most of the recent big names finished lower on the day. Alibaba (BABA), Lordstown Motors (RIDE) and new IPO Alzamend Neuro (ALZN) also sparked chatter on Tuesday. Oracle lost ground in after-hours trading after the release of its quarterly report. The company announced better-than-expected earnings, on revenue that climbed nearly 8% to $11.23B. Still shares of ORCL dipped more than 2% after the close. After
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Hot Stocks: ORCL earnings, RBLX May metrics disappoint, DKNG falls on short call, management changes at SBUX