Oracle Falls 4.7% Despite Ellison Scrapping a 50 Million-Share Sale

This article first appeared on GuruFocus. Oracle (NYSE:ORCL), the database and AI-cloud provider, confirmed Larry Ellison had canceled his stock-sale plan, but shares still fell approximately 4.7% to $143.24 Monday. The founder's decision leaves a large holding in place. It does nothing by itself to improve the economics of Oracle's AI buildout. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is ORCL fairly valued? Test your thesis with our free DCF calculator.ORCL GF Value chart According to Barron's, the canceled arrangement covered 50 million sharesworth roughly $7.16 billion at the pictured price. Oracle's September 12 announcement said Ellison had sold nothing through the 10b5-1 plan and had no other plans to sell Oracle stock.