Larry Ellison canceled his plan to sell Oracle stock on Saturday, a day after a regulatory filing revealed he had adopted a trading plan to unload up to 50 million shares worth roughly $7.5 billion. No shares changed hands before he reversed course. "No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock," Oracle said in a statement. The company offered no explanation for the cancellation. The trading plan, known as a 10b5-1 plan, had been adopted on June 22 and was set to expire on Oct. 24, according to The Wall Street Journal. His stake, which CNBC has previously reported, amounts to more than 40% of the company — a position the 82-year-old has held since Oracle's early days.
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