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Oracle shares close at record a day before earnings release

Oracle Corp. shares closed at a record high Wednesday, their third in as many sessions, the day before the enterprise software giant reports quarterly earnings late Thursday. Oracle shares rose less than 0.1% to close at $52.80, after touching an all-time intraday high of $52.98, on volume of 13.8 million shares, slightly higher than the 52-week average daily volume of 12.6 million shares. Shares have crept to record highs following a 1.8% surge on Monday. Shares are up 37% for the year, compared with the 20% rise on the Nasdaq Composite Index .

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