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● LIVE Updated 57m ago · 15 sources tracked

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Oracle shares fell between 4% and 5% on Monday after co-founder Larry Ellison scrapped a plan to sell 50 million shares of company stock. While the cancellation removes a potential supply of shares from the market, investors reacted negatively to the news. Market analysts indicate that surprise costs related to layoffs are outweighing the bullish signal of Ellison retaining his holdings. This price drop occurred alongside similar 5% declines for Nebius and CoreWeave.

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  • ✓ Larry Ellison canceled a plan to sell 50 million shares of Oracle stock valued at $7.5 billion.
  • ✓ Oracle shares fell between 4% and 5% on Monday.
🛡️ Source Corroboration: 15 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Oracle shares fell approximately 4% to 5% on Monday as layoff costs offset the impact of the canceled sale.

Live updates

  1. Oracle shares drop despite Larry Ellison canceling $7.5 billion stock sale

    Oracle shares fell between 4% and 5% on Monday after co-founder Larry Ellison scrapped a plan to sell 50 million shares of company stock. While the cancellation removes a potential supply of shares from the market, investors reacted negatively to the news. Market analysts indicate that surprise costs related to layoffs are outweighing the bullish signal of Ellison retaining his holdings. This price drop occurred alongside similar 5% declines for Nebius and CoreWeave.

    Why it matters

    Ellison had previously established a formal trading plan to offload the assets. The move to cancel the sale suggests a change in the executive's immediate liquidity needs or outlook on the company. However, the market is treating the announcement as secondary to other financial disclosures.

    What is confirmed

    • Larry Ellison canceled a plan to sell 50 million shares of Oracle stock valued at $7.5 billion.
    • Oracle shares fell between 4% and 5% on Monday.

    Still unconfirmed

    • Surprise cost disclosures regarding layoffs are threatening to overpower the signal of the canceled stock sale.
    • Nebius and CoreWeave shares fell 5%.

    What to watch next

    • Official corporate disclosure of the specific layoff costs mentioned by analysts
    • Further regulatory filings regarding Ellison's shareholdings
    Sources used for this update (3)
    1. 247wallst.com — Oracle Slides 5% as Layoff Costs Outweigh Ellison’s Canceled $7.5B Stock Sale; Nebius and CoreWeave Fall 5%
    2. finance.yahoo.com — Oracle falls as Ellison cancels $7.5 billion share sale
    3. finance.yahoo.com — Oracle Falls 4.7% Despite Ellison Scrapping a 50 Million-Share Sale
    confidence 90%

  2. Larry Ellison cancels plan to sell $7.5 billion in Oracle stock

    Oracle co-founder and Executive Chair Larry Ellison canceled a trading plan to sell up to 50 million shares of company stock. The shares were valued at approximately $7.5 billion based on Friday's closing price. Oracle announced the cancellation on Saturday. The move follows a period where Ellison had adopted a specific trading plan to offload the assets, but he has now scrapped the arrangement entirely.

    Why it matters

    Executive stock sales often signal internal sentiment about a company's valuation to the public market. This decision occurs as Barclays raised its price target for Oracle to $252 following a record first quarter.

    What is confirmed

    • Larry Ellison canceled a plan to sell up to 50 million Oracle shares.
    • The stock sale was valued at approximately $7.5 billion based on Friday's closing price.
    • Oracle announced the cancellation of the sale on Saturday.
    • Larry Ellison serves as Oracle co-founder and Executive Chair.

    Still unconfirmed

    • Barclays raised its price target for Oracle to $252 after a record Q1.

    What to watch next

    • Official regulatory filings confirming the termination of the trading plan
    • Further statements from Oracle regarding executive shareholdings
    Sources used for this update (13)
    1. Financial Times — Larry Ellison to sell up to $7.5bn worth of Oracle stock
    2. WSJ — Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
    3. Oracle - Investor Relations — Larry Ellison Cancels His Plan to Sell Oracle Stock
    4. CNBC — Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
    5. CNBC — Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
    6. Yahoo Finance — Larry Ellison Ends Plan to Sell Up to $7.5 Billion in Oracle Stock
    7. Reuters — Larry Ellison cancels plan to sell Oracle stock
    8. nypost.com — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5B
    9. finance.yahoo.com — On Second Thought, Never Mind: Here’s Why ORCL’s Larry Ellison Just Canceled $7.5 Billion Stock Sale
    10. New York Post — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5B
    11. TechCrunch — Larry Ellison cancels $7.5 billion sale of Oracle stock
    12. pulse2.com — Larry Ellison Cancels Plan To Sell Up To $7.5 Billion Of Oracle Stock
    confidence 100%
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