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Larry Ellison Cancels Plan to Sell Up to $7.5 Billion of Oracle Stock
TL;DROracle founder Larry Ellison scrapped plans to sell $7.5 billion worth of company stock.
Why it matters: Major insider stock sales signal confidence or concerns about a company's future direction and valuation.
Oracle founder Larry Ellison has canceled plans to sell up to 50 million of his shares in the company, worth around $7.5 billion at current prices, Oracle said on Saturday. The announcement came a day after Oracle disclosed that Ellison had adopted a trading plan to sell the…
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