Oracle (ORCL) dives on Ellison departure, Q1 results

Oracle (NYSE: ORCL) fell 4.8% to $39.55 after the company reported downbeat fiscal first-quarter results and unexpectedly shuffled its top management. Founder Lawrence J. Ellison stepped aside as CEO and will serve as company's chairman, while presidents Safra A. Catz and Mark V. Hurd were named co-chief executives. The company also boosted its existing buyback program by an additional $13 billion. Analysts at Deutsche Bank downgraded Oracle from buy to hold and lowered the target price from $48 to $42. Share volume was 7.6 million, compared to an all-day average of 2.7 million