Cerner Stock (CERN): Why The Price Surged Today

By Amit Chowdhry ● Dec 17, 2021
  • The stock price of Cerner Corporation (NASDAQ: CERN) increased by over 14% pre-market today. This is why it happened.

The stock price of Cerner Corporation (NASDAQ: CERN) increased by over 14% pre-market today. Investors are responding positively to a WSJ report that Oracle is looking into buying the company in a deal that could be worth about $30 billion.

A deal could be finalized soon. And if the deal closes, it would be Oracle’s largest acquisition ever. 

Cerner is known as one of the largest sellers of electronic health record software in the U.S. as they compete with Epic Systems Corporation. So the deal could bring Oracle a vast array of health data to train and improve their AI-based cloud.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.