How did ORCL's Q4 2024 earnings surprise impact short-term traders?

Oracle's (ORCL) Q4 2024 earnings surprise had a generally positive impact on short-term traders, as evidenced by the backtest results. The 3-Day win rate was 53.33%, the 10-Day win rate was 60.00%, and the 30-Day win rate was 66.67%, indicating that a majority of the time, the stock performed well in the short term following the earnings release. The maximum return observed was 8.36% over 30 days, suggesting that there was significant upside potential for traders who held the stock for an extended period. However, the 3-Day return was only 0.14%, and the 10-Day return was 0.00%, indicating that while there was some immediate post-earnings momentum, it slowed down quickly. Overall, the backtest results suggest that while there was some short-term trading opportunity, the best returns were seen by traders who held the stock for at least 30 days after the earnings release.